Bike maker Accell profits rise 17%

Bike maker Accell, which produces the Batavus and Sparta bicycles, booked a 17% increase in net profit last year, at €28.6m. Sales were up 13% at €538m.

The company said it expects a further increase in sales and earnings given the current economic situation. Accell is benefiting from increased focus on health, the environment and mobility, CEO René Takens said in a statement.

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