Derby Cycle AG

EANS-News: Derby Cycle AG achieves 6.6% revenue growth in Q1 2011/12

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Financial Figures/Balance Sheet

Subtitle: Revenue up 6.6% to EUR 40.3 million / Special effects from takeover
impact EBIT / Pre-order book position signals positive trend in 2011/12
financial year

Cloppenburg, February 15, 2012 (euro adhoc) - Derby Cycle AG (ISIN DE000A1H6HN1,
WKN A1H6HN), Germany's largest bicycle manufacturer in terms of revenue, grew
its revenue by around 6.6%, from EUR 37.8 million in the prior-year period to
EUR 40.3 million in the first quarter of 2011/12 (as of December 31, 2011), on
the basis of preliminary figures. EBIT was impacted by special one-off effects,
by contrast. 

Matthias Seidler, CEO of Derby Cycle AG, regards the results achieved in the
first quarter as a good start to the 2011/12 financial year: "We further
expanded our revenue year-on-year between October and December, despite the fact
that these tend to be weaker months for bicycle manufacturers. With around
82,000 bicycles sold, we boosted sales volumes by 1.3% year-on-year, and
achieved 6.6% revenue growth. Prospects also remain very good for the coming
months due to the high pre-order book position at the end of the last financial
year, where we registered a 25% year-on-year increase as of September 30, 2011."
Uwe Bögershausen, the company's CFO, went on to add: "We are very satisfied with
the start to the new financial year. The lower EBIT is due to special one-off
effects that are mainly attributable to our greater need for advisory services
in connection with our own M&A activities, Accell's takeover attempts, and the
takeover by Pon."

Derby Cycle AG will publish its full report for the first two months of the
2011/12 financial year on February 24, 2012, 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 614 employees, Derby Cycle achieved revenue of EUR 235.5 million in
the fiscal year 2010/2011, 66.9% of which was generated in Germany, and 33.1%
abroad. Earnings before interest and tax (EBIT) amounted to approximately EUR
19.6 million. Derby Cycle sold a total of around 482,000 bicycles, of which
87,000 comprised e-bikes. The company forecasts revenues of EUR 250 million to
270 million, and an EBIT margin of 8 to 9% (2010/11: 8.3%) for the 2011/12
fiscal year that ends on September 30, 2012.

Further information is available at:

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

Henryk Deter
Telefon: +49 (0)611-20 58 55-13

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
indexes:     SDAX
stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart,
             regulated dealing/prime standard: Frankfurt 
language:   English

Weitere Meldungen: Derby Cycle AG

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