half year results accell group 2016...summary of results 22 july 2016 accell group n.v. -...

Half year results Accell Group 2016

Amsterdam, 22 July 2016

René J. Takens, CEOHielke H. Sybesma, CFO

Agenda

22 July 2016 Accell Group N.V. – presentation half year results 2016 1

1. Accell Group in H1 2016

2. Accell Group share

3. Financials

4. Outlook

Key developments in H1 2016

• Turnover increases with 10%• Higher electric bicycles sales• Strong turnover development in E-performance bikes• Challenging market conditions in specialist bicycle retail channel• Turnover development varies widely per country

• Operating profit and net profit increase with 7%

• Inventories strongly reduced compared to December

22 July 2016 presentation half year results 2016Accell Group N.V. - 2

Summary of results


(x € mln.) 30-6-2015 30-6-2016 ∆ HY

Turnover 573.8 629.7 10%

Operating profit 49.1 52.4 7%

Net profit 31.9 34.0 7%

Earnings per share 1.28 1.34 5%

Solvency 45.3% 45.1% 0%

Balance sheet total 681.6 725.0 6%

Share price 16.65 20.43 23%

Samenvatting

HY 2015HY 2015HY 2016

(x € mln.)30-6-201512/31/1530-6-2016∆ HY

Turnover573.8986.4629.710%

Operating profit49.158.552.47%

Net profit31.932.334.07%

Earnings per share1.281.021.345%

Solvency45.3%41.9%45.1%-0%

Balance sheet total681.6729.7725.06%

Share price16.6513.6020.4323%

23-02-2016 handmatige aanpassingen bouke

WPA FY 2014 aangepast om aan te sluiten met pres annual report

30-6-201512/31/1412/31/15

Omzet

Bedrijfsresultaat

Nettowinst

Winst per aandeel-0.04

Solvabiliteit

Balanstotaal

Koers aandeel

Geo omzet

Totaal

OmzetOmzet

(x € mln.)HY 2015HY 2016verschilautonoomHY 2015HY 2016

CorrectieautonoomCorrectieautonoom

Nederland135.3ERROR:#REF!ERROR:#REF!136.2ERROR:#REF!ERROR:#REF!1%ERROR:#REF!24%22%

Duitsland133.8ERROR:#REF!ERROR:#REF!159.9ERROR:#REF!ERROR:#REF!20%ERROR:#REF!23%25%

Noord-Amerika80.5ERROR:#REF!ERROR:#REF!73.4ERROR:#REF!ERROR:#REF!(9%)ERROR:#REF!14%12%

Overig Europa204.4ERROR:#REF!ERROR:#REF!237.6ERROR:#REF!ERROR:#REF!16%ERROR:#REF!36%38%

Overige Landen19.8ERROR:#REF!ERROR:#REF!22.6ERROR:#REF!ERROR:#REF!14%ERROR:#REF!3%4%

573.8ERROR:#REF!ERROR:#REF!629.7ERROR:#REF!ERROR:#REF!10%ERROR:#REF!100%100%

Turnover

(x € mln.)HY 2015HY 2016differenceorganic

Netherlands135.3ERROR:#REF!ERROR:#REF!136.2ERROR:#REF!ERROR:#REF!1%ERROR:#REF!

Germany133.8ERROR:#REF!ERROR:#REF!159.9ERROR:#REF!ERROR:#REF!20%ERROR:#REF!

North America80.5ERROR:#REF!ERROR:#REF!73.4ERROR:#REF!ERROR:#REF!(9%)ERROR:#REF!

Other Europe204.4ERROR:#REF!ERROR:#REF!237.6ERROR:#REF!ERROR:#REF!16%ERROR:#REF!

Other Countries19.8ERROR:#REF!ERROR:#REF!22.6ERROR:#REF!ERROR:#REF!14%ERROR:#REF!

573.9ERROR:#REF!ERROR:#REF!629.7ERROR:#REF!ERROR:#REF!10%ERROR:#REF!

13-07-2016 handmatige aanpassingen harm

HY 2015HY 2015HY 2016

Nederland0.2

Duitsland0.3

Noord-Amerika-0.7

Overig Europa0.2

Overige Landen0.1

Fietsen

OmzetOmzet



Nederland111.8ERROR:#REF!ERROR:#REF!111.6ERROR:#REF!ERROR:#REF!(0%)ERROR:#REF!26%23%






Turnover


Netherlands111.8ERROR:#REF!ERROR:#REF!111.6ERROR:#REF!ERROR:#REF!(0%)ERROR:#REF!

Germany102.4ERROR:#REF!ERROR:#REF!129.0ERROR:#REF!ERROR:#REF!26%ERROR:#REF!39.669






H1 2015H1 2015

Nederland6.3-0.1

Duitsland-1.2-0.1

Noord-Amerika0.40.3

Overig Europa-6.5-0.3

Overige Landen

Onderdelen

OmzetOmzet



Nederland23.5ERROR:#REF!ERROR:#REF!24.6ERROR:#REF!ERROR:#REF!4%ERROR:#REF!17%17.7%

Duitsland31.3ERROR:#REF!ERROR:#REF!30.9ERROR:#REF!ERROR:#REF!(1%)ERROR:#REF!22%22.3%

Noord-Amerika12.8ERROR:#REF!ERROR:#REF!7.8ERROR:#REF!ERROR:#REF!(40%)ERROR:#REF!9%5.6%

Overig Europa70.6ERROR:#REF!ERROR:#REF!71.9ERROR:#REF!ERROR:#REF!2%ERROR:#REF!50%51.8%

Overige Landen2.2ERROR:#REF!ERROR:#REF!3.6ERROR:#REF!ERROR:#REF!63%ERROR:#REF!2%2.6%

140.5ERROR:#REF!ERROR:#REF!138.7ERROR:#REF!ERROR:#REF!(1%)ERROR:#REF!100%100%

Turnover



Germany31.3ERROR:#REF!ERROR:#REF!30.9ERROR:#REF!ERROR:#REF!(1%)ERROR:#REF!




140.6ERROR:#REF!ERROR:#REF!138.7ERROR:#REF!ERROR:#REF!(1%)ERROR:#REF!

Nederland22%

Duitsland25%

Noord-Amerika11%

Overig Europa38%

Overige landen4%

NederlandDuitslandNoord-AmerikaOverig EuropaOverige Landen0.21622694913334650.253939999238392890.116502000420512480.377390876042330013.5940175165418267E-2

Nederland 23%

Duitsland

26%

Noord-Amerika

13%

Overig Europa 34%

Overige Landen

5%


Nederland 18%

Duitsland

22%

Noord-Amerika

6%

Overig Europa

52%

Overige Landen

3%

NederlandDuitslandNoord-AmerikaOverig EuropaOverige Landen0.177128558953946720.22275158241836365.5874136254372424E-20.518023942064440022.6221780308878079E-2

rr

(x € mln.)HY 2015HY 2015HY 2016∆ HY(x € mln.)HY 2015HY 2015HY 2016∆ HY

Net turnover573.8986.4629.710%Netto-omzet573.8986.4629.710%

Material costs(393.8)(672.1)(437.4)11%Materiaalkosten(393.8)(672.1)(437.4)11%

Other costs(130.9)(255.8)(139.9)7%Overige kosten(130.9)(255.8)(139.9)7%

Operating profit (EBIT)49.158.552.47%Bedrijfsresultaat (EBIT)49.158.552.47%

Non-recurring income and expenses0.00.00.0Incidentele baten & lasten0.00.00.0

Result of participations0.00.30.5Resultaat deelnemingen0.00.30.5

Interest costs(5.6)(9.1)(4.5)(20%)Financiële baten & lasten(5.6)(9.1)(4.5)(20%)

Taxes(11.7)(16.2)(14.4)23%Belastingen(11.7)(16.2)(14.4)23%

Netto operationeel resultaat31.933.534.07%Netto operationeel resultaat31.933.534.07%

Non-recurring profit/ losses0.00.00.0Incidentele baten & lasten0.00.00.0

- 033.5- 0

Net profit31.932.334.07%Nettowinst31.932.334.07%


AanpassingenHY 2015HY 2015HY 2016

Net turnover

Material costs1.00-0.25

Other costs0.02-

Operating profit (EBIT)- 0

Non-recurring profit/ losses

Result of participations

Interest costs

Taxes

Net profit




Added Value180.0314.3192.37%Toegevoegde waarde180.0314.3192.37%

31.2%31.9%30.5%31.4%31.9%30.5%

(x € mln.)HY 2015% omzetHY 2015% turnoverHY 2016% turnover∆ HY(x € mln.)HY 2015% omzetHY 2015HY 2016% omzet∆ HY

Staffing costs(62.0)10.8%(119.3)12%(62.8)10.0%1%Personeelskosten(62.0)10.8%(119.3)12%(62.8)10.0%1%

Depreciation & amortization(5.2)0.9%(10.1)1%(5.6)0.9%7%Afschrijvingen(5.2)0.9%(10.1)1%(5.6)0.9%7%

Other operating costs(63.7)11.1%(125.1)13%(71.5)11.4%12%Overige bedrijfskosten(63.7)11.1%(125.1)13%(71.5)11.4%12%

Total operating expenses(130.9)22.8%(254.5)26%(139.9)22.2%7%Operationele kosten(130.9)22.8%(254.5)26%(139.9)22.2%7%

-0.01.30.0-0.01.30.0

* Exclusief incidentele baten en lasten


* HY1 2014 other operating costs aangepast om aan te sluiten met pres vorig jaar

* HY1 2015 other operating costs aangepast om aan te sluiten met file Janet

H1 20142014H1 2015

Staffing costs

Depreciation & amortization-0.03

Other operating costs0.03

Total operating expenses

0.0161.310-0.005-


Operational result (EBIT)49.158.552.47%Bedrijfsresultaat (EBIT)Excl. Incidentele baten & lasten49.158.552.47%

Non-recurring income and expenses0.00.00.0ERROR:#DIV/0!Incidentele baten & lasten0.00.00.0ERROR:#DIV/0!


Financial result(5.6)(9.1)(4.5)(20%)Financiële baten & lasten(5.6)(9.1)(4.5)(20%)




Net Profit31.932.334.07%Nettowinst31.932.334.07%

activa

(x € mln.)30-6-201512/31/1530-6-2016(x € mln.)30-6-201512/31/1530-6-2016

Fixed assetsVaste activa

Intangible fixed assets104.4103.2102.9Immateriële vaste activa104.4103.2102.9

Tangible fixed assets67.569.870.2Materiële vaste activa67.569.870.2

Financial fixed asset36.731.829.9Financiële vaste activa36.731.829.9

208.6204.8203.1208.6204.8203.1

Current assetsVlottende activa

Inventories251.8338.7295.2Voorraden251.8338.7295.2

Receivables203.0172.0204.9Vorderingen203.0172.0204.9

Cash and cash equivalents18.214.221.9Liquide middelen18.214.221.9

473.0524.9521.9473.0524.9521.9

Total assets681.6729.7725.0Totaal activa681.6729.7725.0

6/30/1412/31/1530-6-2016

Fixed assets

Intangible fixed assets

Tangible fixed assets

Financial fixed asset21.720.2

Current assets

Inventories

Receivables

Cash and cash equivalents

Total assets0.1

twc

(x € mln.)30-6-201512/31/1530-6-2016∆ HY(x € mln.)30-6-201512/31/1530-6-2016∆ HY

Inventory251.8338.7295.217%Voorraden251.8338.7295.217%

Accounts receivable172.7134.6177.02%Debiteuren172.7134.6177.02%

Accounts payable(110.9)(135.6)(129.7)17%Crediteuren(110.9)(135.6)(129.7)17%

Totaal313.7337.7342.59%Totaal313.7337.7342.59%

Werkkapitaal als % van netto-omzet32.9%34.2%32.9%

(x € mln.)30-6-201512/31/1530-6-2016∆ HY(x € mln.)30-6-201512/31/1530-6-2016∆ HY

Goods in transit24.659.335.143%Goederen onderweg24.659.335.143%

Components73.9108.279.78%Componenten73.9108.279.78%


Semi-finished goods3.93.13.3(16%)Half fabrikaten3.93.13.3(16%)

Finished goods153.4171.2180.418%Handelsgoederen en gereed product153.4171.2180.418%

Total251.8338.7295.217%Totaal251.8338.7295.217%


* finished goods HY1 2014 assets aangepast om aan te sluiten met pres vorig jaar

6/30/1412/31/146/30/15

Inventory

Accounts receivable

Accounts payable

Totaal

Goods in transit

Components

Semi-finished goods

Finished goods

Total

lia

(x € mln.)30-6-201512/31/1530-6-2016(x € mln.)30-6-201512/31/1530-6-2016

Group Equity308.5305.9327.2Eigen Vermogen308.5305.9327.2

Provisions33.130.327.9Voorzieningen33.130.327.9

Long term loans64.959.065.7Langlopende leningen64.959.065.7

Bank credits112.9155.2115.0Bankkrediet112.9155.2115.0

Short term debts162.4179.3189.3Kortlopende schulden162.4179.3189.3

Total Liabilities681.6729.7725.0Totaal passiva681.6729.7725.0

solvabiliteit45.3%41.9%45.1%


6/30/1412/31/146/30/15

Group Equity

Provisions20.619.3

Long term loans-12.7-12.6

Bank credits12.812.6

Short term debts0.2

Total Liabilities21.720.2

ev

(x € mln.)(x € mln.)

Balance on 1 January 2015305.9Balans op 1 januari 2016305.9

Net profit34.0Nettowinst34.0

Dividend payment 2014(8.8)Uitkering dividend 2014(8.8)

Other movements(3.9)Overige mutaties(3.9)

Increase21.3Toename21.3

Balance on 31 December 2015327.2Balans op 30 juni 2016327.2

- 0

kas

(x € mln.)30-6-201512/31/1530-6-2016(x € mln.)30-6-201512/31/1530-6-2016

Kasstroom inzake operationele activiteitenCash flow from operating activities

Nettowinst31.932.334.0Net profit31.932.334.0

Afschrijvingen5.210.15.6Depreciation5.210.15.6

Op aandelen gebaseerde betalingen0.20.40.2Share based payments0.20.40.2

Operationele kasstroom voor werkkapitaal en voorzieningen 37.342.739.8Operating cash flow for working capital and facilities37.342.739.8

Mutaties werkkapitaal en voorzieningen(21.7)(45.3)16.3Changes in working capital and provisions(21.7)(45.3)16.3

Netto kasstroom uit operationele activiteiten15.5(2.6)56.1Net cash flow from operating activities15.5(2.6)56.1

Kasstroom inzake investeringsactiviteitenCash flow from investment activities

Mutaties in vaste activa(4.0)(10.7)(6.7)Changes in fixed assets(4.0)(10.7)(6.7)

Verkoop bedrijfsactiviteiten0.00.00.0Assets held for sale

Bedrijfscombinaties(1.8)0.00.0Acquisition of subidiary companies(1.8)0.00.0

Netto kasstroom uit investeringsactiviteiten(5.8)(10.7)(6.7)Net cash flow from investment activities(5.8)(10.7)(6.7)

Vrije kasstroom9.7(13.3)49.4Free cash flow9.7(13.3)49.4

Kasstroom inzake financieringsactiviteitenCash flow from financing activities

Mutaties banken2.940.6(32.7)Changes in bank loans and bank overdrafts2.940.6(32.7)

Aandelen- en optieregelingen(0.0)(0.1)(0.5)Stock and option plans(0.0)(0.1)(0.5)

Dividenduitkeringen(8.7)(8.7)(8.8)Cash dividend(8.7)(8.7)(8.8)

Netto kasstroom uit financieringsactiviteiten(5.8)31.8(42.0)Net cahs flow from financing activities(5.8)31.8(42.0)

Netto kasstroom4.018.57.4Net cash flow4.018.57.4


Kasstroom uit operationele activiteiten

Netto resultaat

Afschrijvingen

Op aandelen gebaseerde betalingen

Operationele kasstroom voor werkkapitaal en voorzieningen

Mutaties werkkapitaal en voorzieningen

Netto kasstroom uit operationele activiteiten

Kasstroom uit investeringsactiviteiten

Mutaties in vaste activa

Afstoten van activa aangehouden voor verkoop

Verwerven dochterondernemingen

Netto kasstroom uit investeringsactiviteiten

Vrije kasstroom

Kasstroom uit financieringsactiviteiten

Mutaties banken

Aandelen en optieregelingen

Dividenduitkeringen

Netto kasstroom uit financieringsactiviteiten

Netto kasstroom

(x € mln.)30-6-201511/15/0030-6-2016(x € mln.)30-6-201511/15/0030-6-2016


Operationele winst44.10.058.5Operating Profit44.10.058.5


Op aandelen gebaseerde betalingen0.30.00.4Share-based payments0.30.00.4


Mutaties werkkapitaal en voorzieningen2.80.0(68.3)Changes in working capital and provisions2.80.0(68.3)

Kasstroom uit operationele activiteiten56.10.00.7Cash flow from operating activities56.10.00.7

Betaalde rente, bankkosten & factoring(9.2)(10.0)Interest paid and banking costs(9.2)- 0(10.0)

Betaalde vennootschapsbelasting(8.7)(9.8)Income taxes paid(8.7)- 0(9.8)

Netto kasstroom uit operationele activiteiten38.2(19.0)Net cash flow from operating activities38.20.0(19.0)


Ontvangen rente0.30.70.30.00.7

Mutaties in vaste activa(9.6)0.0(10.9)Changes in fixed assets(9.6)0.0(10.9)

Verkoop bedrijfsactiviteiten23.40.00.0Sale of business activities23.40.00.0

Bedrijfscombinaties(14.0)0.0(1.8)Business combinations(14.0)0.0(1.8)

Netto kasstroom uit investeringsactiviteiten0.10.0(12.0)Net cash flow from investment activities0.10.0(12.0)

Vrije kasstroom38.30.0(31.1)Free cash flow38.30.0(31.1)


Mutaties banken(34.2)0.039.7Changes in bank loans and bank overdrafts(34.2)0.039.7

Aandelen- en optieregelingen(7.2)0.0(8.7)Cash dividend(7.2)0.0(8.7)

Dividenduitkeringen(0.1)0.0(0.1)Stock and option plans(0.1)0.0(0.1)

Netto kasstroom uit financieringsactiviteiten(41.5)0.031.0Net cash flow from financing activities(41.5)0.031.0

Netto kasstroom(3.2)0.0(0.1)Net cash flow(3.2)0.0(0.1)

wpa

WPA H1WPA H2WPA

20020.40

20030.300.250.55

20040.450.320.77

20050.550.330.88

20060.580.421.00

20070.860.441.30

20081.010.471.48

20091.130.521.65

20101.190.591.79aangepaste vergelijkende cijfers

20111.320.611.93

20120.930.081.01

20131.020.23-0.79

20141.120.02-1.06

20151.280.011.29

20161.34

WPA H1WPA H2WPA

20020.80

20030.600.501.10

20040.900.641.54

20051.100.651.75

20061.160.842.00

20071.720.882.60

20082.020.932.95

20092.251.053.30

20102.391.183.57

20111.32

WPA H1WPA H2WPA0.5

20020.40

20030.300.250.55

20040.450.320.77

20050.550.330.88

20060.580.421.00

20070.860.441.30

20081.010.471.48

20091.130.521.65

20101.190.591.79

20111.320.611.93

20120.93

WPA H1

0,60

20092010201120122013201420151.1251.19351.320.931.021.12000000000000011.28WPA H2

20092010201120122013201420150.524999999999999910.591499999999999910.609999999999999887.999999999999996E-2-0.22999999999999998-0.021.0000000000000009E-2

WPA

200220032004200520062007200820092010201120122013201420150.40.552000000000000050.770.87511.31.47500000000000011.651.78499999999999991.931.010.791.061.29

ratios

HY 2015HY 2015HY 2016HY 2015HY 2015HY 2016

WPA€ 1.28€ 1.02€ 1.34WPA€ 1.28€ 1.02€ 1.34

ROCE11.6%9.7%12.0%ROCE11.6%9.7%12.0%

ROCE (excl. eenmalige effecten en LTM)8.1%8.1%9.3%ROCE (excl. eenmalige effecten en LTM)8.1%9.3%9.3%

Operating result / turnover8.6%5.0%8.3%Bedrijfsresultaat* / Omzet8.6%5.0%8.3%

Solvency45.3%41.9%45.1%Solvabiliteit45.3%41.9%45.1%

Net debt / EBITDA2.92.92.7Nettoschuld / EBITDA2.92.92.7

Nettoschuld / EBITDA 4.04.02.8Nettoschuld / EBITDA 4.02.82.8

(excl. eenmalige effecten en LTM)(excl. eenmalige effecten en LTM)

Average number of employees (FTE)3,0702,7963,037Gemiddeld aantal Medewerkers (FTE)3,0702,7963,037

* exclusief incidentele baten en lasten

Dividendvoorstel

Pay-out ratio

Dividendrendement

HY 2015HY 2015HY 2016HY 2015HY 2015HY 2016

EPS€ 1.28€ 1.02€ 1.34WPA€ 1.280€ 1.02€ 1.34

Proposed dividend€ 0.61€ 0.61€ 0.73Dividendvoorstel€ 0.61€ 0.61€ 0.73

Pay out ratio48%60%54%Pay out ratio48%60%54%

Share price year end16.6513.620.43Koers jaareinde16.6513.620.43

Dividend yield3.7%4.5%3.6%Dividendrendement3.7%4.5%3.6%

HY 20152.79HY 2016

Gerapporteerde WPA€ 1.060€ 0.000€ 1.285

Incident Taiwan€ 0.000€ 0.000€ 0.159

Totaal€ 1.06€ - 0€ 1.44

Pay out ratio58%€ - 050%

Dividendvoorstel€ 0.61ERROR:#DIV/0!€ 0.72

Koers jaareinde13.6021.07

Dividendrendement4.5%ERROR:#DIV/0!3.4%

Half year results

(x € mln.)HY 2015H2 2014HY 2016H2 2015HY 2015FY 2015(x € mln.)HY 2015H2 2014HY 2016H2 2015HY 2015FY 2015

Net turnover573.8412.6629.7252.7986.4882.4Netto-omzet573.8412.6629.7252.7986.4882.4

Material costs(393.8)(278.3)(437.4)(176.7)(672.1)(614.1)Materiaalkosten(393.8)(278.3)(437.4)(176.7)(672.1)(614.1)

Added Value in % of net sales31.4%32.6%30.5%30.1%31.9%30.4%Toegevoegde waarde %31.4%32.6%30.5%30.1%31.9%30.4%

Depreciation and amortization(5.2)(4.8)(5.6)(3.3)(10.1)(8.9)Afschrijvingen(5.2)(4.8)(5.6)(3.3)(10.1)(8.9)

Staffing costs(62.0)(57.3)(62.8)(44.6)(119.3)(107.4)Personeelskosten(62.0)(57.3)(62.8)(44.6)(119.3)(107.4)

Other operating costs(63.7)(61.3)(71.5)(36.2)(125.1)(107.7)Overige bedrijfskosten(63.7)(61.3)(71.5)(36.2)(125.1)(107.7)

Other costs(130.9)(123.5)(139.9)(84.1)(254.5)(224.0)268.3Operationele kosten(131.0)(123.5)(139.9)(84.1)(254.5)(224.0)

44.3

Operating result before non recurring profit / losses49.1(9.4)52.4(8.1)58.544.3Operationeel resultaat voor incidentele baten en lasten49.1(9.4)52.4(8.1)59.844.3

8.6%-2.3%8.3%5.9%5.0%8.6%-2.3%8.3%-3.2%6.1%5.0%

Non recurring profit/ losses- 00.00.0(0.7)0.0(0.7)Incidentele baten en lasten- 00.0- 0(0.7)0.0(0.7)

Operating result (EBIT)49.19.452.4(8.8)58.543.7Operationeel resulaat (EBIT)49.19.452.4(8.8)59.843.7

8.6%2.3%8.3%5.9%5.0%8.6%2.3%8.3%-3.5%6.1%5.0%

Result of participations0.00.30.5(0.1)0.30.4Resultaat deelnemingen0.00.30.5(0.1)0.30.4

Interest costs(5.6)(3.5)(4.5)(4.2)(9.1)(8.7)Financiële baten & lasten(5.6)(3.5)(4.5)(4.2)(9.1)(8.7)

Taxes(11.7)(4.6)(14.4)5.1(16.2)(9.2)Belastingen(11.7)(4.6)(14.4)5.1(16.2)(9.2)

Net Profit31.90.434.0(8.0)32.326.1Nettowinst31.90.434.0(8.0)34.826.1

5.6%0.1%5.4%-3.2%3.3%3.0%5.6%0.1%5.4%-3.2%3.5%3.0%

(x € mln.)HY1 2014HY1 2015HY2 2014HY2 2015FY 2014FY2015

Netto-omzet506.2573.8376.2412.6882.4986.4

Materiaalkosten(351.4)(393.8)(262.7)(279.6)(614.1)(673.4)

Toegevoegde waarde %30.6%31.4%30.2%32.2%30.4%31.7%

Afschrijvingen(4.3)(5.2)(4.6)(4.9)(8.9)(10.1)

Personeelskosten(55.9)(62.0)(51.5)(57.3)(107.4)(119.3)

Overige bedrijfskosten(56.4)(63.7)(50.9)(57.4)(107.3)(121.1)

Operationele kosten(116.6)(130.9)(107.0)(119.6)(223.5)(250.5)

Operationeel resultaat voor incidentele baten en lasten38.249.16.613.444.862.5

7.5%8.6%1.8%3.2%5.1%6.3%

Incidentele baten en lasten1.20.0(1.9)(4.0)(0.7)(4.0)

Operationeel resulaat (EBIT)39.449.14.79.444.158.5

7.8%8.6%1.3%2.3%5.0%5.9%

Resultaat deelnemingen0.00.00.4(0.9)0.4(0.9)

Financiële baten & lasten(5.1)(5.6)(3.7)(3.5)(8.8)(9.1)

Belastingen(6.8)(11.7)(2.5)(4.6)(9.3)(16.2)

Nettowinst27.531.9(1.0)0.426.532.3

5.4%5.6%(0,3%)0.1%3.0%3.3%

Smartview

MaandJuneDecemberJuneMaandJuneDecemberJune

Jaar201520152016-21.9683118.485Jaar2,015.02,015.02,016.0

140.5HY 2015HY 2015HY 2016∆ HY

30-6-201542,369.030-6-2016

TabScenarioViewValueEntiteitEntity nameAccountAccount nameICPCustom1 Custom2Custom3Custom4ScenarioViewValueAccountAccount nameICPCustom1 Custom2Custom3Custom4

Prod omzetActualYTDEURREP_TOPERROR:#NAME?SP40001ERROR:#NAME?[ICP TOP]TotalCustom1Bikes_MonthlyTotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupSP40001Turnover third parties[ICP TOP]TotalCustom1Bikes_MonthlyTotalCustom3Total_Management448.8747.4507.9

Prod omzetActualYTDEURREP_TOPERROR:#NAME?SP40001ERROR:#NAME?[ICP TOP]TotalCustom1Parts_MonthlyTotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupSP40001Turnover third parties[ICP TOP]TotalCustom1Parts_MonthlyTotalCustom3Total_Management141.1270.8139.6

Prod omzetActualYTDEURREP_TOPERROR:#NAME?SP40001ERROR:#NAME?[ICP TOP]TotalCustom1Fitness_MonthlyTotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupSP40001Turnover third parties[ICP TOP]TotalCustom1Fitness_MonthlyTotalCustom3Total_Management1.84.21.9

Prod omzetActualYTDEURREP_TOPERROR:#NAME?SP40001ERROR:#NAME?[ICP TOP]TotalCustom1Other_MonthlyTotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupSP40001Turnover third parties[ICP TOP]TotalCustom1Other_MonthlyTotalCustom3Total_Management2.64.52.0

Prod omzetTotal_ManagementERROR:#DIV/0!ERROR:#DIV/0!ERROR:#DIV/0!Total_Management433.3717.9491.0




Prod omzet

Prod omzetActualYTDEURREP_TOPERROR:#NAME?SGPL50000ERROR:#NAME?[ICP TOP]BikesTotalCustom2TotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupSP90000Turnover third parties[ICP TOP]TotalCustom1ATBTotalCustom3Total_Management432.3718.9490.2

Prod omzetActualYTDEURREP_TOPERROR:#NAME?SGPL50000ERROR:#NAME?[ICP TOP]PartsTotalCustom2TotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupSP90000Turnover third parties[ICP TOP]TotalCustom1ATBTotalCustom3Total_Management141.4267.4139.4

Prod omzetActualYTDEURREP_TOPERROR:#NAME?SP90000ERROR:#NAME?[ICP TOP]TotalCustom1ATBTotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupSP90000Turnover third parties[ICP TOP]TotalCustom1ATBTotalCustom3Total_Management86.9146.789.7

Prod omzetActualYTDEURREP_TOPERROR:#NAME?SP90000ERROR:#NAME?[ICP TOP]TotalCustom1BMXTotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupSP90000Turnover third parties[ICP TOP]TotalCustom1BMXTotalCustom3Total_Management3.07.81.2

Prod omzetActualYTDEURREP_TOPERROR:#NAME?SP90000ERROR:#NAME?[ICP TOP]TotalCustom1RaceTotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupSP90000Turnover third parties[ICP TOP]TotalCustom1RaceTotalCustom3Total_Management26.246.422.4

Prod omzetActualYTDEURREP_TOPERROR:#NAME?SP90000ERROR:#NAME?[ICP TOP]TotalCustom1E_BikesTotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupSP90000Turnover third parties[ICP TOP]TotalCustom1E_BikesTotalCustom3Total_Management202.5333.4281.7

Prod omzetActualYTDEURREP_TOPERROR:#NAME?SP90000ERROR:#NAME?[ICP TOP]TotalCustom1Bikes TotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupSP90000Turnover third parties[ICP TOP]TotalCustom1Bikes TotalCustom3Total_Management448.8747.4507.9

Prod omzetERROR:#DIV/0!ERROR:#DIV/0!ERROR:#DIV/0!83.9140.986.8





Prod omzetActualYTDEURREP_TOPERROR:#NAME?SP90000ERROR:#NAME?[ICP TOP]TotalCustom1XLCTotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupSP90000Turnover third parties[ICP TOP]TotalCustom1XLCTotalCustom3Total_Management19.836.918.8

Prod omzetActualYTDEURREP_TOPERROR:#NAME?SP90000ERROR:#NAME?[ICP TOP]TotalCustom1Excl_partsTotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupSP90000Turnover third parties[ICP TOP]TotalCustom1Excl_partsTotalCustom3Total_Management22.250.130.9

Prod omzetActualYTDEURREP_TOPERROR:#NAME?SP90000ERROR:#NAME?[ICP TOP]TotalCustom1Nonexcl_partsTotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupSP90000Turnover third parties[ICP TOP]TotalCustom1Nonexcl_partsTotalCustom3Total_Management99.0183.889.9

Prod omzetActualYTDEURREP_TOPERROR:#NAME?SP90000ERROR:#NAME?[ICP TOP]TotalCustom1Other_non_bikesTotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupSP90000Turnover third parties[ICP TOP]TotalCustom1Other_non_bikesTotalCustom3Total_Management0.1- 0- 0

Prod omzetActualYTDEURREP_TOPERROR:#NAME?SP90000ERROR:#NAME?[ICP TOP]TotalCustom1Parts TotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupSP90000Turnover third parties[ICP TOP]TotalCustom1Parts TotalCustom3Total_Management141.1270.8139.6

Prod omzetActualYTDEURREP_TOPERROR:#NAME?SP90000ERROR:#NAME?[ICP TOP]TotalCustom1Other_Prod_SalesTotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupSP90000Turnover third parties[ICP TOP]TotalCustom1Other_Prod_SalesTotalCustom3Total_Management2.64.52.0




Prod omzetERROR:#DIV/0!ERROR:#DIV/0!ERROR:#DIV/0!0.1- 0- 0



Geo OmzetActualYTDEURREP_TOPERROR:#NAME?SP85000ERROR:#NAME?[ICP TOP]TotalCustom1TotalCustom2NLTotal_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupSP85000Turnover third parties[ICP TOP]TotalCustom1TotalCustom2NLTotal_Management140.0233.9140.8

Geo OmzetActualYTDEURREP_TOPERROR:#NAME?SP85000ERROR:#NAME?[ICP TOP]TotalCustom1TotalCustom2DETotal_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupSP85000Turnover third parties[ICP TOP]TotalCustom1TotalCustom2DETotal_Management138.3236.3165.4

Geo OmzetActualYTDEURREP_TOPERROR:#NAME?SP85000ERROR:#NAME?[ICP TOP]TotalCustom1TotalCustom299_NATotal_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupSP85000Turnover third parties[ICP TOP]TotalCustom1TotalCustom2USTotal_Management84.1144.075.9

Geo OmzetActualYTDEURREP_TOPERROR:#NAME?SP85000ERROR:#NAME?[ICP TOP]TotalCustom1TotalCustom299_EUTotal_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupSP85000Turnover third parties[ICP TOP]TotalCustom1TotalCustom299_EUTotal_Management489.8850.8552.1

Geo OmzetActualYTDEURREP_TOPERROR:#NAME?SP85000ERROR:#NAME?[ICP TOP]TotalCustom1TotalCustom2C_WDEFTotal_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupSP85000Turnover third parties[ICP TOP]TotalCustom1TotalCustom2C_WDEFTotal_Management594.31,026.9651.4

Geo OmzetERROR:#DIV/0!ERROR:#DIV/0!ERROR:#DIV/0!135.1224.7136.2





Geo OmzetActualYTDEURREP_TOPERROR:#NAME?BP12020HYERROR:#NAME?[ICP TOP]TotalCustom1Bikes_MonthlyNLTotal_Management- 0- 0ActualYTDEURREP_TOPAccell GroupBP12020Turnover 3rd by country[ICP TOP]TotalCustom1Bikes_MonthlyNLTotal_Management108.9115.4

Geo OmzetActualYTDEURREP_TOPERROR:#NAME?BP12020HYERROR:#NAME?[ICP TOP]TotalCustom1Bikes_MonthlyDETotal_Management- 0- 0ActualYTDEURREP_TOPAccell GroupBP12020Turnover 3rd by country[ICP TOP]TotalCustom1Bikes_MonthlyDETotal_Management107.0133.4

Geo OmzetActualYTDEURREP_TOPERROR:#NAME?BP12020HYERROR:#NAME?[ICP TOP]TotalCustom1Bikes_Monthly99_NATotal_Management- 0- 0ActualYTDEURREP_TOPAccell GroupBP12020Turnover 3rd by country[ICP TOP]TotalCustom1Bikes_MonthlyUSTotal_Management69.567.5

Geo OmzetActualYTDEURREP_TOPERROR:#NAME?BP12020HYERROR:#NAME?[ICP TOP]TotalCustom1Bikes_Monthly99_EUTotal_Management- 0- 0ActualYTDEURREP_TOPAccell GroupBP12020Turnover 3rd by country[ICP TOP]TotalCustom1Bikes_Monthly99_EUTotal_Management360.6420.3

Geo OmzetActualYTDEURREP_TOPERROR:#NAME?BP12020HYERROR:#NAME?[ICP TOP]TotalCustom1Bikes_MonthlyC_WDEFTotal_Management- 0- 0ActualYTDEURREP_TOPAccell GroupBP12020Turnover 3rd by country[ICP TOP]TotalCustom1Bikes_MonthlyC_WDEFTotal_Management447.2507.2

Geo OmzetERROR:#DIV/0!ERROR:#DIV/0!105.5111.7





Geo OmzetActualYTDEURREP_TOPERROR:#NAME?BP12020HYERROR:#NAME?[ICP TOP]TotalCustom1Parts_MonthlyNLTotal_Management- 0- 0ActualYTDEURREP_TOPAccell GroupBP12020Turnover 3rd by country[ICP TOP]TotalCustom1Parts_MonthlyNLTotal_Management24.025.3

Geo OmzetActualYTDEURREP_TOPERROR:#NAME?BP12020HYERROR:#NAME?[ICP TOP]TotalCustom1Parts_MonthlyDETotal_Management- 0- 0ActualYTDEURREP_TOPAccell GroupBP12020Turnover 3rd by country[ICP TOP]TotalCustom1Parts_MonthlyDETotal_Management32.231.5

Geo OmzetActualYTDEURREP_TOPERROR:#NAME?BP12020HYERROR:#NAME?[ICP TOP]TotalCustom1Parts_Monthly99_NATotal_Management- 0- 0ActualYTDEURREP_TOPAccell GroupBP12020Turnover 3rd by country[ICP TOP]TotalCustom1Parts_MonthlyUSTotal_Management13.37.5

Geo OmzetActualYTDEURREP_TOPERROR:#NAME?BP12020HYERROR:#NAME?[ICP TOP]TotalCustom1Parts_Monthly99_EUTotal_Management- 0- 0ActualYTDEURREP_TOPAccell GroupBP12020Turnover 3rd by country[ICP TOP]TotalCustom1Parts_Monthly99_EUTotal_Management125.2128.5

Geo OmzetActualYTDEURREP_TOPERROR:#NAME?BP12020HYERROR:#NAME?[ICP TOP]TotalCustom1Parts_MonthlyC_WDEFTotal_Management- 0- 0ActualYTDEURREP_TOPAccell GroupBP12020Turnover 3rd by country[ICP TOP]TotalCustom1Parts_MonthlyC_WDEFTotal_Management141.0139.4

Geo OmzetActualYTDEURREP_TOPERROR:#NAME?BP12020HYERROR:#NAME?[ICP TOP]TotalCustom1Other_MonthlyNLTotal_Management- 0- 0ActualYTDEURREP_TOPAccell GroupBP12020Turnover 3rd by country[ICP TOP]TotalCustom1Other_MonthlyNLTotal_Management0.10.2

Geo OmzetActualYTDEURREP_TOPERROR:#NAME?BP12020HYERROR:#NAME?[ICP TOP]TotalCustom1Other_MonthlyDETotal_Management- 0- 0ActualYTDEURREP_TOPAccell GroupBP12020Turnover 3rd by country[ICP TOP]TotalCustom1Other_MonthlyDETotal_Management0.00.5

Geo OmzetActualYTDEURREP_TOPERROR:#NAME?BP12020HYERROR:#NAME?[ICP TOP]TotalCustom1Other_Monthly99_NATotal_Management- 0- 0ActualYTDEURREP_TOPAccell GroupBP12020Turnover 3rd by country[ICP TOP]TotalCustom1Other_MonthlyUSTotal_Management0.60.5

Geo OmzetActualYTDEURREP_TOPERROR:#NAME?BP12020HYERROR:#NAME?[ICP TOP]TotalCustom1Other_Monthly99_EUTotal_Management- 0- 0ActualYTDEURREP_TOPAccell GroupBP12020Turnover 3rd by country[ICP TOP]TotalCustom1Other_Monthly99_EUTotal_Management1.91.0

Geo OmzetActualYTDEURREP_TOPERROR:#NAME?BP12020HYERROR:#NAME?[ICP TOP]TotalCustom1Other_MonthlyC_WDEFTotal_Management- 0- 0ActualYTDEURREP_TOPAccell GroupBP12020Turnover 3rd by country[ICP TOP]TotalCustom1Other_MonthlyC_WDEFTotal_Management2.62.0






RRActualYTDEURREP_TOPERROR:#NAME?PL50000ERROR:#NAME?[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupPL50000Net turnover[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management573.8986.4629.7

RRActualYTDEURREP_TOPERROR:#NAME?PL47100ERROR:#NAME?[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupPL47100Cost of material usage[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management392.8-672.1-437.7-

RRActualYTDEURREP_TOPERROR:#NAME?PL49501ERROR:#NAME?[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupPL49501Costs of stock change[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management0.9-1.3-0.2

RRActualYTDEURREP_TOPERROR:#NAME?PL95000ERROR:#NAME?[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupPL95000Operating profit (EBIT)[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management49.158.552.4

RRActualYTDEURREP_TOPERROR:#NAME?PL97000ERROR:#NAME?[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupPL97000Financial income and expenses[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management5.6-9.1-4.5-

RRActualYTDEURREP_TOPERROR:#NAME?PL99710ERROR:#NAME?[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupPL99710Extraordinary result before taxes[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management- 0- 0- 0

RRActualYTDEURREP_TOPERROR:#NAME?PL99721ERROR:#NAME?[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupPL99721Taxes on extraordinary result[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management- 0- 0- 0

RRActualYTDEURREP_TOPERROR:#NAME?PL98002ERROR:#NAME?[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupPL98003Profit/loss on sale of subsidiaries[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management- 00.30.5

RRActualYTDEURREP_TOPERROR:#NAME?PL99500ERROR:#NAME?[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupPL99500Taxes[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management11.7-16.2-14.4-

RRActualYTDEURREP_TOPERROR:#NAME?PL99999ERROR:#NAME?[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupPL99999Net profit[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management31.932.334.0

RRActualYTDEURREP_TOPERROR:#NAME?PL40000ERROR:#NAME?[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupPL40000Personnel costs[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management62.0-119.3-62.8-

RRActualYTDEURREP_TOPERROR:#NAME?PL94000ERROR:#NAME?[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupPL94000Depreciations[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management5.2-10.1-5.6-

RRActualYTDEURREP_TOPERROR:#NAME?PL46000ERROR:#NAME?[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupPL46000Provisions[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management3.8-8.1-7.0-

RRActualYTDEURREP_TOPERROR:#NAME?PL43000ERROR:#NAME?[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupPL43000Other operating costs[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management60.9-118.3-64.3-

RRActualYTDEURREP_TOPERROR:#NAME?PL49551ERROR:#NAME?[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupPL49551Costs of stock change[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management0.91.30.2-

ActivaActualYTDEURREP_TOPERROR:#NAME?AS99100ERROR:#NAME?[ICP TOP]F99TotalCustom2TotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupAS99100Intangible assets[ICP TOP]F99TotalCustom2TotalCustom3Total_Management104.4103.2102.9

ActivaActualYTDEURREP_TOPERROR:#NAME?AS99200ERROR:#NAME?[ICP TOP]F99TotalCustom2TotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupAS99200Property, plant and equipment[ICP TOP]F99TotalCustom2TotalCustom3Total_Management67.569.870.2

ActivaActualYTDEURREP_TOPERROR:#NAME?AS99300ERROR:#NAME?[ICP TOP]F99TotalCustom2TotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupAS99300Financial assets[ICP TOP]F99TotalCustom2TotalCustom3Total_Management15.011.629.9

ActivaActualYTDEURREP_TOPERROR:#NAME?AS98100ERROR:#NAME?[ICP TOP]F99TotalCustom2TotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupAS98100Inventories[ICP TOP]F99TotalCustom2TotalCustom3Total_Management251.8338.7295.2

ActivaActualYTDEURREP_TOPERROR:#NAME?AS98200ERROR:#NAME?[ICP TOP]F99TotalCustom2TotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupAS98200Receivables[ICP TOP]F99TotalCustom2TotalCustom3Total_Management203.0172.0204.9

ActivaActualYTDEURREP_TOPERROR:#NAME?AS98301ERROR:#NAME?[ICP TOP]F99TotalCustom2TotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupAS98301Bank balances and cash[ICP TOP]F99TotalCustom2TotalCustom3Total_Management18.214.221.9

TWCActualYTDEURREP_TOPERROR:#NAME?AS13300ERROR:#NAME?[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupAS13300Trade receivables[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management172.7134.6177.0

TWCActualYTDEURREP_TOPERROR:#NAME?LI95401ERROR:#NAME?[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupLI95401Trade liabilities / suppliers[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management110.9135.6129.7

TWCActualYTDEURREP_TOPERROR:#NAME?AS30501ERROR:#NAME?[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupAS30501Goods in transit[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management24.659.335.1

TWCActualYTDEURREP_TOPERROR:#NAME?AS30200ERROR:#NAME?[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupAS30200Semi-finished goods (at cost)[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management3.93.13.3

TWCActualYTDEURREP_TOPERROR:#NAME?AS30300ERROR:#NAME?[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupAS30300Finished goods (at cost)[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management154.3171.6180.9

TWCActualYTDEURREP_TOPERROR:#NAME?AS30250ERROR:#NAME?[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupAS30250Service parts (at cost)[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management7.28.68.1

TWCActualYTDEURREP_TOPERROR:#NAME?AS30401ERROR:#NAME?[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupAS30401Stock revaluation[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management1.0-0.4-0.4-

LIAActualYTDEURREP_TOPERROR:#NAME?EQ99000ERROR:#NAME?[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupEQ99000Total equity[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management308.5305.9327.2

LIAActualYTDEURREP_TOPERROR:#NAME?LI97000ERROR:#NAME?[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupLI97000Provisions[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management0.41.418.8

LIAActualYTDEURREP_TOPERROR:#NAME?LI98000ERROR:#NAME?[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupLI98000Deferred tax liabilities[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management12.19.69.2

LIAActualYTDEURREP_TOPERROR:#NAME?LI96000ERROR:#NAME?[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupLI96000Non-current liabilities[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management77.671.665.7

LIAActualYTDEURREP_TOPERROR:#NAME?LI95301ERROR:#NAME?[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupLI95301Bank overdrafts[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management26.127.625.9

LIAActualYTDEURREP_TOPERROR:#NAME?LI95311ERROR:#NAME?[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupLI95311Revolving credit facility[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management74.1115.089.1

LIAActualYTDEURREP_TOPERROR:#NAME?LI99999ERROR:#NAME?[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupLI99999Total equity and liabilities[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management659.9709.5725.0

KasActualYTDEURREP_TOPERROR:#NAME?CF10102ERROR:#NAME?[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupCF10102Share-based payments[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management0.20.40.2

KasActualYTDEURREP_TOPERROR:#NAME?CF10800ERROR:#NAME?[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupCF10800Cash flow from operating activities[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management20.92.6-74.2

KasActualYTDEURREP_TOPERROR:#NAME?CF10801ERROR:#NAME?[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupCF10801Interest paid[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management6.3-10.0-5.4-

KasActualYTDEURREP_TOPERROR:#NAME?CF10811ERROR:#NAME?[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupCF10811Income taxes paid/received[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management2.4-9.8-12.7-

KasActualYTDEURREP_TOPERROR:#NAME?CF10999ERROR:#NAME?[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupCF10999Net cash flows from operating activities[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management12.222.3-56.0

KasActualYTDEURREP_TOPERROR:#NAME?CF20101ERROR:#NAME?[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupCF20101Interest received[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management0.30.70.3

KasActualYTDEURREP_TOPERROR:#NAME?CF20120ERROR:#NAME?[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupCF20120Investment in property, plant and equipment[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management3.9-10.7-5.9-

KasActualYTDEURREP_TOPERROR:#NAME?CF20121ERROR:#NAME?[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupCF20121Divestments of property, plant and equipment[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management0.51.10.2

KasActualYTDEURREP_TOPERROR:#NAME?CF40132ERROR:#NAME?[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupCF40132Proceeds from issue of shares[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management- 0- 0- 0

KasActualYTDEURREP_TOPERROR:#NAME?CF40133ERROR:#NAME?[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupCF40133Stock and option plans[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management0.0-0.1-0.5-

KasActualYTDEURREP_TOPERROR:#NAME?CF40131ERROR:#NAME?[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupCF40131Cash dividend[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management8.7-8.7-8.8-

KasActualYTDEURREP_TOPERROR:#NAME?CF30999ERROR:#NAME?[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupCF30999Free cash flow[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management6.832.8-49.3

KasActualYTDEURREP_TOPERROR:#NAME?CF40999ERROR:#NAME?[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupCF40999Net cash flows from financing activities[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management4.3-31.841.9-

Prod omzet

Totaal

OmzetOmzet



Fietsen432.7ERROR:#REF!ERROR:#REF!490.3ERROR:#REF!ERROR:#REF!13%ERROR:#REF!75%78%

Onderdelen & Accessoires*141.1ERROR:#REF!ERROR:#REF!139.4ERROR:#REF!ERROR:#REF!(1%)ERROR:#REF!25%22%

Fitness*- 0- 0-ERROR:#DIV/0!0%0%


* Omzet Onderdelen & Accessoires inclusief fitnessapparatuur

TurnoverTurnover

(x € mln.)HY 2015HY 2016differenceorganicHY 2015HY 2016

Bicycles432.7ERROR:#REF!ERROR:#REF!490.3ERROR:#REF!ERROR:#REF!13%ERROR:#REF!75%78%

Parts & Accessories141.1ERROR:#REF!ERROR:#REF!139.4ERROR:#REF!ERROR:#REF!(1%)ERROR:#REF!25%22%

Fitness*- 0- 0- 0- 0- 0- 0ERROR:#DIV/0!ERROR:#DIV/0!0%0%


0.0712742981*Fitness divested as of 1 August 2014


HY 2015HY 2015HY 2016

Fietsen0.40.1

Onderdelen-0.3

Fietsen

OmzetOmzet



Elektrische fietsen195.5ERROR:#REF!ERROR:#REF!272.3ERROR:#REF!ERROR:#REF!39%ERROR:#REF!45%55.5%

Sportieve fietsen112.0ERROR:#REF!ERROR:#REF!109.5ERROR:#REF!ERROR:#REF!(2%)ERROR:#REF!26%22.3%

Traditionele fietsen125.8ERROR:#REF!ERROR:#REF!109.2ERROR:#REF!ERROR:#REF!(13%)ERROR:#REF!29%22.2%


TurnoverTurnover


Electric bikes195.5ERROR:#REF!ERROR:#REF!272.3ERROR:#REF!ERROR:#REF!39%ERROR:#REF!45%55%

Sportive bikes112.0ERROR:#REF!ERROR:#REF!109.5ERROR:#REF!ERROR:#REF!(2%)ERROR:#REF!26%22%

Traditional bikes125.8ERROR:#REF!ERROR:#REF!109.2ERROR:#REF!ERROR:#REF!(13%)ERROR:#REF!29%22%


Onderdelen

OmzetOmzet



Eigen merken19.1ERROR:#REF!ERROR:#REF!18.1ERROR:#REF!ERROR:#REF!(5%)ERROR:#REF!14%13%

Exclusieve distributie21.4ERROR:#REF!ERROR:#REF!29.9ERROR:#REF!ERROR:#REF!40%ERROR:#REF!15%22%

Overige Onderdelen & Accessoires99.9ERROR:#REF!ERROR:#REF!90.8ERROR:#REF!ERROR:#REF!(9%)ERROR:#REF!71%65%


TurnoverTurnover


Own brands19.1ERROR:#REF!ERROR:#REF!18.1ERROR:#REF!ERROR:#REF!(5%)ERROR:#REF!14%13%

Exclusive distribution21.4ERROR:#REF!ERROR:#REF!29.9ERROR:#REF!ERROR:#REF!40%ERROR:#REF!15%22%

Other Parts & Accessories99.9ERROR:#REF!ERROR:#REF!90.8ERROR:#REF!ERROR:#REF!(9%)ERROR:#REF!71%65%


Fitness

OmzetOmzet



Fitness- 0- 0- 0- 0- 0- 0ERROR:#DIV/0!ERROR:#DIV/0!ERROR:#DIV/0!ERROR:#DIV/0!

- 0- 0- 0- 0- 0- 0ERROR:#DIV/0!ERROR:#DIV/0!ERROR:#DIV/0!ERROR:#DIV/0!

* Fitness is per 1 augustus 2014 verkocht

TurnoverTurnover


Fitness- 0- 0- 0- 0- 0- 0ERROR:#DIV/0!ERROR:#DIV/0!ERROR:#DIV/0!ERROR:#DIV/0!

- 0- 0- 0- 0- 0- 0ERROR:#DIV/0!ERROR:#DIV/0!ERROR:#DIV/0!ERROR:#DIV/0!

FietsenOnderdelen & Accessoires*0.778588345580837450.22141165441916258

[CATEGORIENAAM]56%[CATEGORIENAAM]22%

Elektrische fietsenSportieve fietsenTraditionele fietsen0.554599053776843260.223062148401183520.22233879782197324Eigen merkenExclusieve distributieOverige Onderdelen & AccessoiresEigen merkenExclusieve distributieOverige Onderdelen & AccessoiresEigen merkenExclusieve distributieOverige Onderdelen & AccessoiresEigen merkenExclusieve distributieOverige Onderdelen & AccessoiresEigen merken 13%Exclusieve distributie 22%Overige Onderdelen & Accessoires 65%

Eigen merkenExclusieve distributieOverige Onderdelen & Accessoires0.130720210142856980.215075604892209620.65420418496493349

Turnover per segment


Bicycles78%

Parts & Accessories*22%

(x € mln.) HY 2015 HY 2016 difference

Bicycles 432.7 490.3 13%Parts & Accessories* 141.1 139.4 (1%)

573.8 629.7 10%

Turnover

* Turnover Parts & Accessories including Fitness

Samenvatting

HY 2015HY 2015HY 2016

(x € mln.)30-6-201530-6-201530-6-2016∆ HY

Omzet573.8573.8629.710%

Bedrijfsresultaat49.149.152.47%

Nettowinst31.931.934.07%

Winst per aandeel1.281.021.345%

Solvabiliteit45.3%46.7%45.1%-0%

Balanstotaal681.6659.9725.06%

Koers aandeel16.6513.6020.4323%


WPA FY 2014 aangepast om aan te sluiten met pres annual report

30-6-201512/31/1430-6-2015

Omzet

Bedrijfsresultaat

Nettowinst

Winst per aandeel-0.04

Solvabiliteit

Balanstotaal

Koers aandeel

Geo omzet

Totaal

OmzetOmzet



Nederland135.1ERROR:#REF!ERROR:#REF!136.2ERROR:#REF!ERROR:#REF!1%ERROR:#REF!24%22%






Turnover



Germany133.5ERROR:#REF!ERROR:#REF!159.9ERROR:#REF!ERROR:#REF!20%ERROR:#REF!





13-07-2016 handmatige aanpassingen harm

HY 2015HY 2015HY 2016

Nederland

Duitsland

Noord-Amerika

Overig Europa

Overige Landen

Fietsen

OmzetOmzet



Nederland111.8ERROR:#REF!ERROR:#REF!111.6ERROR:#REF!ERROR:#REF!(0%)ERROR:#REF!26%23%






Turnover


Netherlands111.8ERROR:#REF!ERROR:#REF!111.6ERROR:#REF!ERROR:#REF!(0%)ERROR:#REF!

Germany102.4ERROR:#REF!ERROR:#REF!129.0ERROR:#REF!ERROR:#REF!26%ERROR:#REF!39.669






H1 2015H1 2015

Nederland6.3-0.1

Duitsland-1.2-0.1

Noord-Amerika0.40.3

Overig Europa-6.5-0.3

Overige Landen

Onderdelen

OmzetOmzet



Nederland23.3ERROR:#REF!ERROR:#REF!24.6ERROR:#REF!ERROR:#REF!5%ERROR:#REF!17%17.7%

Duitsland31.0ERROR:#REF!ERROR:#REF!30.9ERROR:#REF!ERROR:#REF!(0%)ERROR:#REF!22%22.3%

Noord-Amerika13.5ERROR:#REF!ERROR:#REF!7.8ERROR:#REF!ERROR:#REF!(43%)ERROR:#REF!10%5.6%

Overig Europa70.4ERROR:#REF!ERROR:#REF!71.9ERROR:#REF!ERROR:#REF!2%ERROR:#REF!50%51.8%

Overige Landen2.1ERROR:#REF!ERROR:#REF!3.6ERROR:#REF!ERROR:#REF!70%ERROR:#REF!2%2.6%


Turnover



Germany31.0ERROR:#REF!ERROR:#REF!30.9ERROR:#REF!ERROR:#REF!(0%)ERROR:#REF!




140.5ERROR:#REF!ERROR:#REF!138.7ERROR:#REF!ERROR:#REF!(1%)ERROR:#REF!

Nederland22%

Duitsland25%

Noord-Amerika11%

Overig Europa38%

Overige landen4%


Nederland 23%

Duitsland

26%

Noord-Amerika

13%

Overig Europa 34%

Overige Landen

5%


Nederland 18%

Duitsland

22%

Noord-Amerika

6%

Overig Europa

52%

Overige Landen

3%

NederlandDuitslandNoord-AmerikaOverig EuropaOverige Landen0.177128558953946720.22275158241836365.5874136254372424E-20.518023942064440022.6221780308878079E-2

rr




Other costs(130.8)(131.8)(139.9)7%Overige kosten(130.8)(131.8)(139.9)7%

Operating profit (EBIT)49.149.152.47%Bedrijfsresultaat (EBIT)49.149.152.47%

Non-recurring income and expenses0.00.00.0Incidentele baten & lasten0.00.00.0


Interest costs(5.6)(5.6)(4.5)(20%)Financiële baten & lasten(5.6)(5.6)(4.5)(20%)




- 031.9- 0

Net profit31.931.934.07%Nettowinst31.931.934.07%


AanpassingenHY 2015HY 2015HY 2016

Net turnover

Material costs1.00-0.20

Other costs

Operating profit (EBIT)- 0

Non-recurring profit/ losses

Result of participations

Interest costs

Taxes

Net profit




Added Value180.0181.0192.27%Toegevoegde waarde180.0181.0192.27%

31.2%31.5%30.5%31.4%31.5%30.5%

(x € mln.)HY 2015% omzetHY 2015% turnoverHY 2016% turnover∆ HY(x € mln.)HY 2015% omzetHY 2015HY 2016% omzet∆ HY

Staffing costs(62.0)10.8%(62.0)11%(62.8)10.0%1%Personeelskosten(62.0)10.8%(62.0)11%(62.8)10.0%1%

Depreciation & amortization(5.2)0.9%(5.2)1%(5.6)0.9%8%Afschrijvingen(5.2)0.9%(5.2)1%(5.6)0.9%8%

Other operating costs(63.8)11.1%(63.8)11%(71.5)11.4%12%Overige bedrijfskosten*(63.8)11.1%(63.8)11%(71.5)11.4%12%

Total operating expenses(130.9)22.8%(131.0)23%(139.9)22.2%7%Operationele kosten(130.9)22.8%(131.0)23%(139.9)22.2%7%

-0.00.9-0.0-0.00.9-0.0

* Exclusief incidentele baten en lasten


* HY1 2014 other operating costs aangepast om aan te sluiten met pres vorig jaar

* HY1 2015 other operating costs aangepast om aan te sluiten met file Janet

H1 20142014H1 2015

Staffing costs

Depreciation & amortization

Other operating costs

Total operating expenses

0.0370.863-0.045


Operational result (EBIT)49.149.152.47%Bedrijfsresultaat (EBIT)Excl. Incidentele baten & lasten49.149.152.47%

Non-recurring income and expenses0.00.00.0ERROR:#DIV/0!Incidentele baten & lasten0.00.00.0ERROR:#DIV/0!


Financial result(5.6)(5.6)(4.5)(20%)Financiële baten & lasten(5.6)(5.6)(4.5)(20%)




Net Profit31.931.934.07%Nettowinst31.931.934.07%

activa

(x € mln.)30-6-201530-6-201530-6-2016(x € mln.)30-6-201530-6-201530-6-2016

Fixed assetsVaste activa

Intangible fixed assets104.4104.4102.9Immateriële vaste activa104.4104.4102.9

Tangible fixed assets67.567.570.2Materiële vaste activa67.567.570.2

Financial fixed asset16.536.729.9Financiële vaste activa16.536.729.9

188.4208.6203.1188.4208.6203.1

Current assetsVlottende activa

Inventories251.8251.8295.2Voorraden251.8251.8295.2

Receivables203.2203.0204.9Vorderingen203.2203.0204.9

Cash and cash equivalents18.218.221.9Liquide middelen18.218.221.9

473.2473.0521.9473.2473.0521.9

Total assets661.6681.6725.0Totaal activa661.6681.6725.0

6/30/1430-6-201530-6-2016

Fixed assets

Intangible fixed assets

Tangible fixed assets

Financial fixed asset1.521.7

Current assets

Inventories

Receivables0.04

Cash and cash equivalents

Total assets0.1

twc

(x € mln.)30-6-201530-6-201530-6-2016∆ HY(x € mln.)30-6-201530-6-201530-6-2016∆ HY

Inventory251.8251.8295.217%Voorraden251.8251.8295.217%

Accounts receivable172.7172.7177.02%Debiteuren172.7172.7177.02%

Accounts payable(110.9)(110.9)(129.7)17%Crediteuren(110.9)(110.9)(129.7)17%

Totaal313.7313.7342.59%Totaal313.7313.7342.59%

Werkkapitaal als % van netto-omzet33%32.9%32.9%

(x € mln.)30-6-201530-6-201530-6-2016∆ HY(x € mln.)30-6-201530-6-201530-6-2016∆ HY

Goods in transit24.624.635.143%Goederen onderweg24.624.635.143%



Semi-finished goods3.93.93.3(16%)Half fabrikaten3.93.93.3(16%)

Finished goods161.7161.5189.017%Handelsgoederen en gereed product161.7161.5189.017%

Total251.8251.8295.217%Totaal251.8251.8295.217%


* finished goods HY1 2014 assets aangepast om aan te sluiten met pres vorig jaar

6/30/1412/31/146/30/15

Inventory

Accounts receivable

Accounts payable

Totaal

Goods in transit

Components

Semi-finished goods

Finished goods0.2

Total

lia

(x € mln.)30-6-201530-6-201530-6-2016(x € mln.)30-6-201530-6-201530-6-2016

Group Equity308.5308.5327.2Eigen Vermogen308.5308.5327.2

Provisions33.112.527.9Voorzieningen33.112.527.9

Long term loans64.977.665.7Langlopende leningen64.977.665.7

Bank credits112.9100.1115.0Bankkrediet112.9100.1115.0

Short term debts162.2161.4189.3Kortlopende schulden162.2161.4189.3

Total Liabilities681.6659.9725.0Totaal passiva681.6659.9725.0

solvabiliteit45.3%46.7%45.1%


6/30/1412/31/146/30/15

Group Equity

Provisions20.6

Long term loans-12.7

Bank credits12.8

Short term debts

Total Liabilities21.7

ev

(x € mln.)(x € mln.)

Balance on 1 January 2015308.5Balans op 1 januari 2015308.5

Net profit34.0Nettowinst34.0

Dividend payment 2014(8.8)Uitkering dividend 2014(8.8)

Other movements(6.5)Overige mutaties(6.5)

Increase18.7Toename18.7

Balance on 31 December 2015327.2Balans op 31 december 2015327.2

- 0

kas

(x € mln.)30-6-201530-6-201530-6-2016(x € mln.)30-6-201530-6-201530-6-2016


Nettowinst31.931.934.0Net profit31.931.934.0


Op aandelen gebaseerde betalingen0.20.20.2Share based payments0.20.20.2


Mutaties werkkapitaal en voorzieningen(21.7)(16.4)16.3Changes in working capital and provisions(21.7)(16.4)16.3

Netto kasstroom uit operationele activiteiten15.520.956.1Net cash flow from operating activities15.520.956.1


Mutaties in vaste activa(5.8)(3.9)(6.7)Changes in fixed assets(5.8)(3.9)(6.7)

Verkoop bedrijfsactiviteiten0.00.00.0Assets held for sale

Bedrijfscombinaties0.00.00.0Acquisition of subidiary companies0.00.00.0

Netto kasstroom uit investeringsactiviteiten(5.8)(3.9)(6.7)Net cash flow from investment activities(5.8)(3.9)(6.7)

Vrije kasstroom9.717.049.4Free cash flow9.717.049.4


Mutaties banken2.94.4(32.7)Changes in bank loans and bank overdrafts2.94.4(32.7)

Aandelen- en optieregelingen(0.0)(0.0)(0.5)Stock and option plans(0.0)(0.0)(0.5)

Dividenduitkeringen(8.7)(8.7)(8.8)Cash dividend(8.7)(8.7)(8.8)

Netto kasstroom uit financieringsactiviteiten(5.8)(4.3)(42.0)Net cahs flow from financing activities(5.8)(4.3)(42.0)

Netto kasstroom4.012.87.4Net cash flow4.012.87.4


Kasstroom uit operationele activiteiten

Netto resultaat

Afschrijvingen

Op aandelen gebaseerde betalingen

Operationele kasstroom voor werkkapitaal en voorzieningen

Mutaties werkkapitaal en voorzieningen

Netto kasstroom uit operationele activiteiten

Kasstroom uit investeringsactiviteiten

Mutaties in vaste activa

Afstoten van activa aangehouden voor verkoop

Verwerven dochterondernemingen

Netto kasstroom uit investeringsactiviteiten

Vrije kasstroom

Kasstroom uit financieringsactiviteiten

Mutaties banken

Aandelen en optieregelingen

Dividenduitkeringen

Netto kasstroom uit financieringsactiviteiten

Netto kasstroom

(x € mln.)30-6-20157/13/0030-6-2016(x € mln.)30-6-20157/13/0030-6-2016


Operationele winst44.10.058.5Operating Profit44.10.058.5


Op aandelen gebaseerde betalingen0.30.00.4Share-based payments0.30.00.4


Mutaties werkkapitaal en voorzieningen2.80.0(68.3)Changes in working capital and provisions2.80.0(68.3)

Kasstroom uit operationele activiteiten56.10.00.7Cash flow from operating activities56.10.00.7

Betaalde rente, bankkosten & factoring(9.2)(10.0)Interest paid and banking costs(9.2)- 0(10.0)

Betaalde vennootschapsbelasting(8.7)(9.8)Income taxes paid(8.7)- 0(9.8)

Netto kasstroom uit operationele activiteiten38.2(19.0)Net cash flow from operating activities38.20.0(19.0)


Ontvangen rente0.30.70.30.00.7

Mutaties in vaste activa(9.6)0.0(10.9)Changes in fixed assets(9.6)0.0(10.9)

Verkoop bedrijfsactiviteiten23.40.00.0Sale of business activities23.40.00.0

Bedrijfscombinaties(14.0)0.0(1.8)Business combinations(14.0)0.0(1.8)

Netto kasstroom uit investeringsactiviteiten0.10.0(12.0)Net cash flow from investment activities0.10.0(12.0)

Vrije kasstroom38.30.0(31.1)Free cash flow38.30.0(31.1)


Mutaties banken(34.2)0.039.7Changes in bank loans and bank overdrafts(34.2)0.039.7

Aandelen- en optieregelingen(7.2)0.0(8.7)Cash dividend(7.2)0.0(8.7)

Dividenduitkeringen(0.1)0.0(0.1)Stock and option plans(0.1)0.0(0.1)

Netto kasstroom uit financieringsactiviteiten(41.5)0.031.0Net cash flow from financing activities(41.5)0.031.0

Netto kasstroom(3.2)0.0(0.1)Net cash flow(3.2)0.0(0.1)

wpa

WPA H1WPA H2WPA

20020.40

20030.300.250.55

20040.450.320.77

20050.550.330.88

20060.580.421.00

20070.860.441.30

20081.010.471.48

20091.130.521.65

20101.190.591.79aangepaste vergelijkende cijfers

20111.320.611.93

20120.930.081.01

20131.020.23-0.79

20141.120.02-1.06

20151.280.011.29

20161.34

WPA H1WPA H2WPA

20020.80

20030.600.501.10

20040.900.641.54

20051.100.651.75

20061.160.842.00

20071.720.882.60

20082.020.932.95

20092.251.053.30

20102.391.183.57

20111.32

WPA H1WPA H2WPA0.5

20020.40

20030.300.250.55

20040.450.320.77

20050.550.330.88

20060.580.421.00

20070.860.441.30

20081.010.471.48

20091.130.521.65

20101.190.591.79

20111.320.611.93

20120.93

WPA H1

0,60

20092010201120122013201420151.1251.19351.320.931.021.12000000000000011.28WPA H2

20092010201120122013201420150.524999999999999910.591499999999999910.609999999999999887.999999999999996E-2-0.22999999999999998-0.021.0000000000000009E-2

WPA

200220032004200520062007200820092010201120122013201420150.40.552000000000000050.770.87511.31.47500000000000011.651.78499999999999991.931.010.791.061.29

ratios

HY 2015HY 2015HY 2016HY 2015HY 2015HY 2016

WPA€ 1.28€ 1.02€ 1.29WPA€ 1.28€ 1.02€ 1.29

ROCE9.6%9.7%11.0%ROCE9.6%9.7%11.0%

ROCE (excl. eenmalige effecten en LTM)8.1%8.1%9.3%ROCE (excl. eenmalige effecten en LTM)8.1%9.3%9.3%

Operating result / turnover8.6%5.0%8.3%Bedrijfsresultaat* / Omzet8.6%5.0%8.3%

Solvency46.7%46.7%45.1%Solvabiliteit46.7%46.7%45.1%

Net debt / EBITDA2.82.93.4Nettoschuld / EBITDA2.82.93.4

Nettoschuld / EBITDA 4.04.02.8Nettoschuld / EBITDA 4.02.82.8

(excl. eenmalige effecten en LTM)(excl. eenmalige effecten en LTM)

Average number of employees (FTE)2,7962,7963,037Gemiddeld aantal Medewerkers (FTE)2,7962,7963,037

* exclusief incidentele baten en lasten

Dividendvoorstel

Pay-out ratio

Dividendrendement

HY 2015HY 2015HY 2016HY 2015HY 2015HY 2016

EPS€ 1.28€ 1.02€ 1.29WPA€ 1.280€ 1.02€ 1.29

Proposed dividend€ 0.61€ 0.61€ 0.73Dividendvoorstel€ 0.61€ 0.61€ 0.73

Pay out ratio48%60%57%Pay out ratio48%60%57%

Share price year end16.6513.620.43Koers jaareinde16.6513.620.43

Dividend yield3.7%4.5%3.6%Dividendrendement3.7%4.5%3.6%

HY 20152.79HY 2016

Gerapporteerde WPA€ 1.060€ 0.000€ 1.285

Incident Taiwan€ 0.000€ 0.000€ 0.159

Totaal€ 1.06€ - 0€ 1.44

Pay out ratio58%€ - 050%

Dividendvoorstel€ 0.61ERROR:#DIV/0!€ 0.72

Koers jaareinde13.6021.07

Dividendrendement4.5%ERROR:#DIV/0!3.4%

Half year results

(x € mln.)HY 2015H2 2014HY 2016H2 2015HY 2015FY 2015(x € mln.)HY 2015H2 2014HY 2016H2 2015HY 2015FY 2015

Net turnover573.80.0629.7252.7573.8882.4Netto-omzet573.80.0629.7252.7573.8882.4

Material costs(393.8)1.0(437.5)(176.6)(392.8)(614.1)Materiaalkosten(393.8)1.0(437.5)(176.6)(392.8)(614.1)

Added Value in % of net sales31.4%ERROR:#DIV/0!30.5%30.1%31.5%30.4%Toegevoegde waarde %31.4%ERROR:#DIV/0!30.5%30.1%31.5%30.4%

Depreciation and amortization(5.2)0.0(5.6)(3.3)(5.2)(8.9)Afschrijvingen(5.2)0.0(5.6)(3.3)(5.2)(8.9)

Staffing costs(62.0)0.0(62.8)(44.6)(62.0)(107.4)Personeelskosten(62.0)0.0(62.8)(44.6)(62.0)(107.4)

Other operating costs(63.8)0.0(71.5)(36.2)(63.8)(107.7)Overige bedrijfskosten(63.8)0.0(71.5)(36.2)(63.8)(107.7)

Other costs(130.9)0.0(139.9)(84.1)(131.0)(224.0)268.3Operationele kosten(131.0)0.0(139.9)(84.1)(131.0)(224.0)

44.3

Operating result before non recurring profit / losses49.10.052.4(8.0)49.144.3Operationeel resultaat voor incidentele baten en lasten49.10.052.4(8.0)50.044.3

8.6%ERROR:#DIV/0!8.3%8.6%5.0%8.6%ERROR:#DIV/0!8.3%-3.2%8.7%5.0%

Non recurring profit/ losses- 00.00.0(0.7)0.0(0.7)Incidentele baten en lasten- 00.0- 0(0.7)0.0(0.7)

Operating result (EBIT)49.10.052.4(8.7)49.143.7Operationeel resulaat (EBIT)49.10.052.4(8.7)50.043.7

8.6%ERROR:#DIV/0!8.3%8.6%5.0%8.6%ERROR:#DIV/0!8.3%-3.4%8.7%5.0%

Result of participations0.00.00.5(0.1)0.00.4Resultaat deelnemingen0.00.00.5(0.1)0.00.4

Interest costs(5.6)0.0(4.5)(4.2)(5.6)(8.7)Financiële baten & lasten(5.6)0.0(4.5)(4.2)(5.6)(8.7)

Taxes(11.7)0.0(14.4)5.1(11.7)(9.2)Belastingen(11.7)0.0(14.4)5.1(11.7)(9.2)

Net Profit31.90.034.0(8.0)31.926.1Nettowinst31.90.034.0(8.0)32.726.1

5.6%ERROR:#DIV/0!5.4%-3.2%5.6%3.0%5.6%ERROR:#DIV/0!5.4%-3.2%5.7%3.0%

(x € mln.)HY1 2014HY1 2015HY2 2014HY2 2015FY 2014FY2015

Netto-omzet506.2573.8376.2412.6882.4986.4

Materiaalkosten(351.4)(393.8)(262.7)(279.6)(614.1)(673.4)

Toegevoegde waarde %30.6%31.4%30.2%32.2%30.4%31.7%

Afschrijvingen(4.3)(5.2)(4.6)(4.9)(8.9)(10.1)

Personeelskosten(55.9)(62.0)(51.5)(57.3)(107.4)(119.3)

Overige bedrijfskosten(56.4)(63.7)(50.9)(57.4)(107.3)(121.1)

Operationele kosten(116.6)(130.9)(107.0)(119.6)(223.5)(250.5)

Operationeel resultaat voor incidentele baten en lasten38.249.16.613.444.862.5

7.5%8.6%1.8%3.2%5.1%6.3%

Incidentele baten en lasten1.20.0(1.9)(4.0)(0.7)(4.0)

Operationeel resulaat (EBIT)39.449.14.79.444.158.5

7.8%8.6%1.3%2.3%5.0%5.9%

Resultaat deelnemingen0.00.00.4(0.9)0.4(0.9)

Financiële baten & lasten(5.1)(5.6)(3.7)(3.5)(8.8)(9.1)

Belastingen(6.8)(11.7)(2.5)(4.6)(9.3)(16.2)

Nettowinst27.531.9(1.0)0.426.532.3

5.4%5.6%(0,3%)0.1%3.0%3.3%

Smartview

MaandJuneJuneJuneMaandJuneJuneJune

Jaar201520152016-21.9683118.485Jaar2,015.02,015.02,016.0

140.5HY 2015HY 2015HY 2016∆ HY

30-6-201530-6-201530-6-2016

TabScenarioViewValueEntiteitEntity nameAccountAccount nameICPCustom1 Custom2Custom3Custom4ScenarioViewValueAccountAccount nameICPCustom1 Custom2Custom3Custom4

Prod omzetActualYTDEURREP_TOPERROR:#NAME?SP40001ERROR:#NAME?[ICP TOP]TotalCustom1Bikes_MonthlyTotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupSP40001Turnover third parties[ICP TOP]TotalCustom1Bikes_MonthlyTotalCustom3Total_Management449449508

Prod omzetActualYTDEURREP_TOPERROR:#NAME?SP40001ERROR:#NAME?[ICP TOP]TotalCustom1Parts_MonthlyTotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupSP40001Turnover third parties[ICP TOP]TotalCustom1Parts_MonthlyTotalCustom3Total_Management141141140

Prod omzetActualYTDEURREP_TOPERROR:#NAME?SP40001ERROR:#NAME?[ICP TOP]TotalCustom1Fitness_MonthlyTotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupSP40001Turnover third parties[ICP TOP]TotalCustom1Fitness_MonthlyTotalCustom3Total_Management222

Prod omzetActualYTDEURREP_TOPERROR:#NAME?SP40001ERROR:#NAME?[ICP TOP]TotalCustom1Other_MonthlyTotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupSP40001Turnover third parties[ICP TOP]TotalCustom1Other_MonthlyTotalCustom3Total_Management332





Prod omzet

Prod omzetActualYTDEURREP_TOPERROR:#NAME?SGPL50000ERROR:#NAME?[ICP TOP]BikesTotalCustom2TotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupSP90000Turnover third parties[ICP TOP]TotalCustom1ATBTotalCustom3Total_Management432432490

Prod omzetActualYTDEURREP_TOPERROR:#NAME?SGPL50000ERROR:#NAME?[ICP TOP]PartsTotalCustom2TotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupSP90000Turnover third parties[ICP TOP]TotalCustom1ATBTotalCustom3Total_Management141141139

Prod omzetActualYTDEURREP_TOPERROR:#NAME?SP90000ERROR:#NAME?[ICP TOP]TotalCustom1ATBTotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupSP90000Turnover third parties[ICP TOP]TotalCustom1ATBTotalCustom3Total_Management878790

Prod omzetActualYTDEURREP_TOPERROR:#NAME?SP90000ERROR:#NAME?[ICP TOP]TotalCustom1BMXTotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupSP90000Turnover third parties[ICP TOP]TotalCustom1BMXTotalCustom3Total_Management331

Prod omzetActualYTDEURREP_TOPERROR:#NAME?SP90000ERROR:#NAME?[ICP TOP]TotalCustom1RaceTotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupSP90000Turnover third parties[ICP TOP]TotalCustom1RaceTotalCustom3Total_Management262622

Prod omzetActualYTDEURREP_TOPERROR:#NAME?SP90000ERROR:#NAME?[ICP TOP]TotalCustom1E_BikesTotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupSP90000Turnover third parties[ICP TOP]TotalCustom1E_BikesTotalCustom3Total_Management203203282

Prod omzetActualYTDEURREP_TOPERROR:#NAME?SP90000ERROR:#NAME?[ICP TOP]TotalCustom1Bikes TotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupSP90000Turnover third parties[ICP TOP]TotalCustom1Bikes TotalCustom3Total_Management449449508






Prod omzetActualYTDEURREP_TOPERROR:#NAME?SP90000ERROR:#NAME?[ICP TOP]TotalCustom1XLCTotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupSP90000Turnover third parties[ICP TOP]TotalCustom1XLCTotalCustom3Total_Management202019

Prod omzetActualYTDEURREP_TOPERROR:#NAME?SP90000ERROR:#NAME?[ICP TOP]TotalCustom1Excl_partsTotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupSP90000Turnover third parties[ICP TOP]TotalCustom1Excl_partsTotalCustom3Total_Management222231

Prod omzetActualYTDEURREP_TOPERROR:#NAME?SP90000ERROR:#NAME?[ICP TOP]TotalCustom1Nonexcl_partsTotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupSP90000Turnover third parties[ICP TOP]TotalCustom1Nonexcl_partsTotalCustom3Total_Management999990

Prod omzetActualYTDEURREP_TOPERROR:#NAME?SP90000ERROR:#NAME?[ICP TOP]TotalCustom1Other_non_bikesTotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupSP90000Turnover third parties[ICP TOP]TotalCustom1Other_non_bikesTotalCustom3Total_Management00- 0

Prod omzetActualYTDEURREP_TOPERROR:#NAME?SP90000ERROR:#NAME?[ICP TOP]TotalCustom1Parts TotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupSP90000Turnover third parties[ICP TOP]TotalCustom1Parts TotalCustom3Total_Management141141140

Prod omzetActualYTDEURREP_TOPERROR:#NAME?SP90000ERROR:#NAME?[ICP TOP]TotalCustom1Other_Prod_SalesTotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupSP90000Turnover third parties[ICP TOP]TotalCustom1Other_Prod_SalesTotalCustom3Total_Management332




Prod omzetERROR:#DIV/0!ERROR:#DIV/0!ERROR:#DIV/0!0.10.1- 0



Geo OmzetActualYTDEURREP_TOPERROR:#NAME?SP85000ERROR:#NAME?[ICP TOP]TotalCustom1TotalCustom2NLTotal_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupSP85000Turnover third parties[ICP TOP]TotalCustom1TotalCustom2NLTotal_Management140140141

Geo OmzetActualYTDEURREP_TOPERROR:#NAME?SP85000ERROR:#NAME?[ICP TOP]TotalCustom1TotalCustom2DETotal_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupSP85000Turnover third parties[ICP TOP]TotalCustom1TotalCustom2DETotal_Management138138165

Geo OmzetActualYTDEURREP_TOPERROR:#NAME?SP85000ERROR:#NAME?[ICP TOP]TotalCustom1TotalCustom299_NATotal_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupSP85000Turnover third parties[ICP TOP]TotalCustom1TotalCustom2USTotal_Management848476

Geo OmzetActualYTDEURREP_TOPERROR:#NAME?SP85000ERROR:#NAME?[ICP TOP]TotalCustom1TotalCustom299_EUTotal_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupSP85000Turnover third parties[ICP TOP]TotalCustom1TotalCustom299_EUTotal_Management490490552

Geo OmzetActualYTDEURREP_TOPERROR:#NAME?SP85000ERROR:#NAME?[ICP TOP]TotalCustom1TotalCustom2C_WDEFTotal_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupSP85000Turnover third parties[ICP TOP]TotalCustom1TotalCustom2C_WDEFTotal_Management594594651






Geo OmzetActualYTDEURREP_TOPERROR:#NAME?BP12020HYERROR:#NAME?[ICP TOP]TotalCustom1Bikes_MonthlyNLTotal_Management- 0- 0ActualYTDEURREP_TOPAccell GroupBP12020Turnover 3rd by country[ICP TOP]TotalCustom1Bikes_MonthlyNLTotal_Management109115

Geo OmzetActualYTDEURREP_TOPERROR:#NAME?BP12020HYERROR:#NAME?[ICP TOP]TotalCustom1Bikes_MonthlyDETotal_Management- 0- 0ActualYTDEURREP_TOPAccell GroupBP12020Turnover 3rd by country[ICP TOP]TotalCustom1Bikes_MonthlyDETotal_Management107133

Geo OmzetActualYTDEURREP_TOPERROR:#NAME?BP12020HYERROR:#NAME?[ICP TOP]TotalCustom1Bikes_Monthly99_NATotal_Management- 0- 0ActualYTDEURREP_TOPAccell GroupBP12020Turnover 3rd by country[ICP TOP]TotalCustom1Bikes_MonthlyUSTotal_Management6967

Geo OmzetActualYTDEURREP_TOPERROR:#NAME?BP12020HYERROR:#NAME?[ICP TOP]TotalCustom1Bikes_Monthly99_EUTotal_Management- 0- 0ActualYTDEURREP_TOPAccell GroupBP12020Turnover 3rd by country[ICP TOP]TotalCustom1Bikes_Monthly99_EUTotal_Management361420

Geo OmzetActualYTDEURREP_TOPERROR:#NAME?BP12020HYERROR:#NAME?[ICP TOP]TotalCustom1Bikes_MonthlyC_WDEFTotal_Management- 0- 0ActualYTDEURREP_TOPAccell GroupBP12020Turnover 3rd by country[ICP TOP]TotalCustom1Bikes_MonthlyC_WDEFTotal_Management447507






Geo OmzetActualYTDEURREP_TOPERROR:#NAME?BP12020HYERROR:#NAME?[ICP TOP]TotalCustom1Parts_MonthlyNLTotal_Management- 0- 0ActualYTDEURREP_TOPAccell GroupBP12020Turnover 3rd by country[ICP TOP]TotalCustom1Parts_MonthlyNLTotal_Management2425

Geo OmzetActualYTDEURREP_TOPERROR:#NAME?BP12020HYERROR:#NAME?[ICP TOP]TotalCustom1Parts_MonthlyDETotal_Management- 0- 0ActualYTDEURREP_TOPAccell GroupBP12020Turnover 3rd by country[ICP TOP]TotalCustom1Parts_MonthlyDETotal_Management3232

Geo OmzetActualYTDEURREP_TOPERROR:#NAME?BP12020HYERROR:#NAME?[ICP TOP]TotalCustom1Parts_Monthly99_NATotal_Management- 0- 0ActualYTDEURREP_TOPAccell GroupBP12020Turnover 3rd by country[ICP TOP]TotalCustom1Parts_MonthlyUSTotal_Management137

Geo OmzetActualYTDEURREP_TOPERROR:#NAME?BP12020HYERROR:#NAME?[ICP TOP]TotalCustom1Parts_Monthly99_EUTotal_Management- 0- 0ActualYTDEURREP_TOPAccell GroupBP12020Turnover 3rd by country[ICP TOP]TotalCustom1Parts_Monthly99_EUTotal_Management125129

Geo OmzetActualYTDEURREP_TOPERROR:#NAME?BP12020HYERROR:#NAME?[ICP TOP]TotalCustom1Parts_MonthlyC_WDEFTotal_Management- 0- 0ActualYTDEURREP_TOPAccell GroupBP12020Turnover 3rd by country[ICP TOP]TotalCustom1Parts_MonthlyC_WDEFTotal_Management141139

Geo OmzetActualYTDEURREP_TOPERROR:#NAME?BP12020HYERROR:#NAME?[ICP TOP]TotalCustom1Other_MonthlyNLTotal_Management- 0- 0ActualYTDEURREP_TOPAccell GroupBP12020Turnover 3rd by country[ICP TOP]TotalCustom1Other_MonthlyNLTotal_Management00

Geo OmzetActualYTDEURREP_TOPERROR:#NAME?BP12020HYERROR:#NAME?[ICP TOP]TotalCustom1Other_MonthlyDETotal_Management- 0- 0ActualYTDEURREP_TOPAccell GroupBP12020Turnover 3rd by country[ICP TOP]TotalCustom1Other_MonthlyDETotal_Management01

Geo OmzetActualYTDEURREP_TOPERROR:#NAME?BP12020HYERROR:#NAME?[ICP TOP]TotalCustom1Other_Monthly99_NATotal_Management- 0- 0ActualYTDEURREP_TOPAccell GroupBP12020Turnover 3rd by country[ICP TOP]TotalCustom1Other_MonthlyUSTotal_Management10

Geo OmzetActualYTDEURREP_TOPERROR:#NAME?BP12020HYERROR:#NAME?[ICP TOP]TotalCustom1Other_Monthly99_EUTotal_Management- 0- 0ActualYTDEURREP_TOPAccell GroupBP12020Turnover 3rd by country[ICP TOP]TotalCustom1Other_Monthly99_EUTotal_Management21

Geo OmzetActualYTDEURREP_TOPERROR:#NAME?BP12020HYERROR:#NAME?[ICP TOP]TotalCustom1Other_MonthlyC_WDEFTotal_Management- 0- 0ActualYTDEURREP_TOPAccell GroupBP12020Turnover 3rd by country[ICP TOP]TotalCustom1Other_MonthlyC_WDEFTotal_Management32






RRActualYTDEURREP_TOPERROR:#NAME?PL50000ERROR:#NAME?[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupPL50000Net turnover[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management574574630

RRActualYTDEURREP_TOPERROR:#NAME?PL47100ERROR:#NAME?[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupPL47100Cost of material usage[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management-393-393-438

RRActualYTDEURREP_TOPERROR:#NAME?PL49501ERROR:#NAME?[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupPL49501Costs of stock change[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management-1-10

RRActualYTDEURREP_TOPERROR:#NAME?PL95000ERROR:#NAME?[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupPL95000Operating profit (EBIT)[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management494952

RRActualYTDEURREP_TOPERROR:#NAME?PL97000ERROR:#NAME?[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupPL97000Financial income and expenses[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management-6-6-4

RRActualYTDEURREP_TOPERROR:#NAME?PL99710ERROR:#NAME?[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupPL99710Extraordinary result before taxes[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management- 0- 0- 0

RRActualYTDEURREP_TOPERROR:#NAME?PL99721ERROR:#NAME?[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupPL99721Taxes on extraordinary result[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management- 0- 0- 0

RRActualYTDEURREP_TOPERROR:#NAME?PL98002ERROR:#NAME?[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupPL98003Profit/loss on sale of subsidiaries[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management- 0- 00

RRActualYTDEURREP_TOPERROR:#NAME?PL99500ERROR:#NAME?[ICP TOP]TotalCustom1TotalCustom2TotalCustom3Total_Management- 0- 0- 0ActualYTDEURREP_TOPAccell GroupPL99500Taxes[ICP TOP]TotalCustom1TotalCus

half year results accell group 2016...summary of results 22 july 2016 accell group n.v. -...

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