EANS-News: Derby Cycle AG included in SDAX index from September 19, 2011
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Corporate news transmitted by euro adhoc. The issuer/originator is solely
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Company Information
Cloppenburg (euro adhoc) - Tuesday, September 6, 2011 - Following yesterday's
decision by Deutsche Börse, Derby Cycle AG (ISIN DE000A1H6HN1, WKN A1H6HN),
Germany's largest manufacturer of bicycles, will be included in the SDAX index
from September 19, 2011.
Mathias Seidler, the company's CEO, expressed his satisfaction at this step:
"Inclusion in the SDAX marks a further milestone in our capital market history.
Following our IPO in February 2011, we hope that the SDAX listing will enhance
our shares' visibility, particularly on international capital markets." Uwe
Bögershausen, CFO of Derby Cycle AG, went on to add: "This index inclusion
reflects the high liquidity inherent in our shares. At the same time it shows
that our shareholders fully back our products, our company and our strategy."
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 550 employees, Derby Cycle achieved revenue of EUR 173 million in
the 2009/2010 financial year, 72.6 percent of which was generated in Germany,
and 27.4 percent abroad. Earnings before interest and tax (EBIT) amounted to
approximately EUR 12 million. Derby Cycle sold a total of around 430,000
bicycles, of which 44,000 comprised e-bikes. As a consequence, Derby Cycle has
asserted a position of clear market leadership in 2010 with a 20 percent market
share. The company forecasts revenues of EUR 220 million to 240 million, and an
EBIT margin of 8 to 9 percent (2009/10: 7.0 percent) for the 2010/11 financial
year that ends on September 30, 2011.
Further information is available at: www.derby-cycle.com
Further inquiry note:
cometis AG
Unter den Eichen 7
65195 Wiesbaden
www.cometis.de
Dominic Großmann / Tobias Eberle
Telefon: +49 (0)611-20 58 55-15
E-Mail: grossmann@cometis.de
end of announcement euro adhoc
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company: Derby Cycle AG
Siemensstr. 1-3
D-49661 Cloppenburg
phone: +49-4471-966-238
FAX: +49-4471-966-44820
mail: u.boegershausen@derby-cycle.de
WWW: http://www.derby-cycle.de
sector: Consumer Goods
ISIN: DE000A1H6HN1
indexes:
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Hamburg, Stuttgart, Düsseldorf, München
language: English