CYCLING
MOVES THE WORLD FORWARD
FY 2021
RESULTS
Ton Anbeek, CEO Ruben Baldew, CFO
4 March 2022
Ton Anbeek
CEO
KEY MESSAGES FY 2021
1. | 2. | |
Demand for bikes and | Accell brands continue to | |
parts remains strong | win innovation awards. | |
across regions and | Our order portfolio | |
categories. | remains strong. | |
3. | 4. | |
Global supply shortages and | Added value % recovering | |
logistical issues have | (up 269 bps) thanks to | |
hampered sales as | lower discounts and | |
expected. Growth 2021 | pricing actions taken. | |
6.2%. | ||
4
KEY MESSAGES FY 2021
5.
EBIT reported up 47% to € 110 mln (8.0%). Underlying EBIT up 34% to € 107 mln (7.7%).
7.
Due to higher TWC%, free cash flow negative at € 127 mln leading to net debt of € 217 mln.
6.
TWC at 33.1% increased vs. PY (1367 bps). Driven by delay of critical components.
8.
Execution strategy continues according to plan and 2022 targets are in sight.
5
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Accell Groep NV published this content on 04 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 March 2022 08:28:05 UTC.