Securing financial stability in a tough market

Securing financial stability in a tough market

The fact that a major player like Accell Group has been struggling under a burden of heavy debts gives a clear indication of the difficulties in the market. The manufacturer saw its turnover decline 10% from €1.43 billion in 2022 to €1.3 billion in 2023 as sales declined across major European markets and inventory levels remained high.

At the same time, the industry has witnessed a flurry of insolvencies including Austrian bicycle manufacturer WSF, German LEV maker Onomotion and Austrian bike brand Simplon. On the flip side, other key players are continuing to invest, or in some cases disinvest, to secure their financial health heading into the next year. However, for some, “survive to 25” could be a very real challenge.

Highlights in this latest online magazine (Issue 34 | October 2024) include:

  • ‘Another boom period for the industry is coming’
  • Industry players restructuring for better financial foothold
  • Why our drive system failed in thriving market

Online magazine: Expanding e-bike sales trend continues into 2020

Online magazine: Expanding e-bike sales trend continues into 2020

Without exception, the European markets reported thriving e-bike sales in 2019. During the year, all indicators pointed to rising sales. Official statistics from leading cycling countries in this online magazine now confirm this trend. E-bikes even give the industry so much confidence that the outlook for the post-corona era tends to be positive. After all, the trend of expanding e-bike markets in 2019 was continued in the first months of 2020.