Derby Cycle AG

EANS-News: Derby Cycle AG generates 38% revenue growth in first nine months of 2010/11

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9-month report

Subtitle: Revenue up 38% to EUR 198.8 million / Successful operating growth
underpins company's plans

Cloppenburg (euro adhoc) - August 4, 2011 - Derby Cycle AG (ISIN DE000A1H6HN1,
WKN A1H6HN), the largest manufacturer of bicycles in Germany, on the basis of
preliminary figures grew its revenue by around 35% in the third quarter of
2010/11, reporting an increase from EUR 62.5 million in the prior-year period to
EUR 84.4 million. This results in revenue of EUR 198.8 million for the first
nine months of the 2010/11 financial year, representing growth of around 38%
compared with the first nine months of 2009/10 (EUR 144.1 million). 

Mathias Seidler, CEO of Derby Cycle AG, regards the company as well on course as
a consequence: "We realised significant revenue growth in the first nine months
of the current financial year thanks to our popular product range that includes
high-quality electric bikes and sports bikes, which are also encountering
increasingly strong demand abroad. This provides us with confirmation concerning
our own estimates for the full year." Uwe Bögershausen, CFO of Derby Cycle AG,
went on to add: "We are reaping the benefits from the consistent implementation
of the corporate strategy that was presented at the time of the IPO, which is
aimed particularly at strengthening development activity for electric bikes, and
the internationalisation of the business."

Derby Cycle AG will publish its complete report for the first nine months of the
2010/11 financial year on August 29, 2011, and will make it available for
downloading from its website at, within the "Investor
Relations" area.

Company profile:

Derby Cycle is Germany's largest bicycle manufacturer in terms of revenues, and
one of the leading manufacturers in Europe. In particular, global demand growth
for high-quality electric and sports bicycles, as well as the company's
advancing internationalisation in all European volume markets, are reflected in
the company's dynamic growth. Derby Cycle's product range comprises electric
bicycles, sports bicycles for leisure and competition purposes, as well as
comfort bikes for everyday and travel use. These bicycles are sold through the
established Kalkhoff, Focus, Raleigh, Univega and Rixe brands. All models are
developed and assembled at the company's base in Cloppenburg, Germany. These
high-quality products are distributed through specialist retailers who provide
their customers with professional advice and extensive service.

With around 550 employees, Derby Cycle achieved revenue of EUR 173 million in
the 2009/2010 and financial year, 72.6 percent of which was generated in
Germany, and 27.4 percent abroad. Earnings before interest and tax (EBIT)
amounted to approximately EUR 12 million. Derby Cycle sold a total of around
430,000 bicycles, of which 44,000 comprised e-bikes. As a consequence, Derby
Cycle has asserted a position of clear market leadership in 2010 with a 20
percent market share. The company forecasts revenues of EUR 220 million to 240
million, and an EBIT margin of 8 to 9 percent (2009/10: 7.0 percent) for the
2010/11 financial year that ends on September 30, 2011.

Further information is available at:

Further inquiry note:
cometis AG 
Unter den Eichen 7 
65195 Wiesbaden

Dominic Großmann / Tobias Eberle
Telephone: +49 (0)611-20 58 55-15

end of announcement                               euro adhoc 

company:     Derby Cycle AG
             Siemensstr. 1-3
             D-49661 Cloppenburg
phone:       +49-4471-966-238
FAX:         +49-4471-966-44820
sector:      Consumer Goods
ISIN:        DE000A1H6HN1
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
             Hamburg, Stuttgart, Düsseldorf, München 
language:   English

Weitere Meldungen: Derby Cycle AG

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