Derby Cycle AG

EANS-News: Derby Cycle AG achieves revenue growth in first nine months of FY 2011/12

  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
9-month report/preliminary figures 9-months report

Subtitle: Revenues up 10.5% to EUR 219.8 million // EBIT of EUR 20.9 million
(prior-year: EUR 19.1 million) // Adjustment of FY 2011/12 forecast

Cloppenburg (euro adhoc) - Derby Cycle AG (ISIN DE000A1H6HN1, WKN A1H6HN),
Germany's largest bicycle manufacturer in terms of revenue, grew its revenues to
EUR 219.8 million in the first three quarters of FY 2011/12 (as of June 30,
2012; on the basis of preliminary figures), compared with EUR 198.8 million in
the previous year. Earnings before interest and taxes (EBIT) were affected by
special one-off effects and a weak spring due to weather conditions. 

Mathias Seidler, CEO of Derby Cycle AG, regards the corporate strategy as being
confirmed by the results that were achieved: "Since April, the entire bicycle
sector has had to struggle constantly with a rainy spring and temperatures that
were too low. Despite a corresponding downtrend in sales among specialist
dealers, we report further year-on-year growth in both revenues and operating
earnings. We grew our sales both in Germany and on all target markets outside
Germany. Although, with totalling 395,000 units we sold around 4.4% fewer
bicycles than in the previous year, the number of electric bikes was up by 21.8%
to around 89,000 units. Despite this positive trend, overall third-quarter
growth rates nevertheless are at the lower end of our expectations due to the
late start to the summer weather in Germany." 

Reiner Brüls, CFO of Derby Cycle AG, went on to add: "Overall we are satisfied
with the current business development. Our operating profit (EBIT) is up 9.4% to
the previous year to EUR 20.9 million. In this context, the EBIT was burdened by
sales lower than planned and special one-off effects. We also notice this trend
for the full 2011/12 fiscal year."

For the current 2011/12 fiscal year, the company expects revenues at the lower
end of its existing forecast of between EUR 250 million and EUR 270 million. The
expected EBIT margin for the 2011/12 fiscal year will presumably be between 7%
and 8%, contrary to the previous forecast of between 8% and 9%.  

Derby Cycle AG will publish its full report for the first nine months of the
2011/12 fiscal year on August 31, 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. 

Further information is available at:

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

Henryk Deter / Claudius Krause
Telefon: +49 (0)611-20 58 55-28

end of announcement                               euro adhoc 

company:     Derby Cycle AG
             Siemensstr. 1-3
             D-49661 Cloppenburg
phone:       +49-4471-966-0
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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