- 17.03.2011, 18:55:04
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- OTS0324 OTW0324
EANS-Adhoc: Derby Cycle AG publishes full-year forecast for FY 2010/11
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ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
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17.03.2011
Cloppenburg, March 17, 2011 - Derby Cycle AG has published its full-year
forecast for FY 2010/11 approximately six weeks following its IPO. On the basis
of orders already on hand from specialist retailers, the Executive Board
anticipates full-year sales revenues of at least EUR 200 million for the
financial year ending September 30, 2011 (previous year: EUR 173.2 million).
Derby Cycle expects that its EBIT margin will improve to between 7 percent and 8
percent (previous year: 7.0 percent).
This reflects growth of more than 15 percent in terms of sales revenues, and an
acceleration of the average growth dynamism that the company has reported over
recent years. Particular contributors to this growth are the demand for
electro-bicycles and sports bikes as well as the company's advancing
internationalisation.
The current forecast of the minimum sales revenue level includes a certain
measure of caution regarding continuing macroeconomic trends, which the
management regards as appropriate considering current events in Japan.
Further information:
ISIN: DE000A1H6HN1
German Security Code Number (WKN): A1H6HN
Exchange: Regulated Market (Prime Standard), Frankfurt
Derby Cycle AG
Siemensstraße 1-3
49661 Cloppenburg, Germany
Further inquiry note:
cometis AG
Unter den Eichen 7
65195 Wiesbaden
www.cometis.de
Henryk Deter / Dominic Großmann
Telefon: +49 (0)611-20 58 55-15
E-Mail: grossmann@cometis.de
end of announcement euro adhoc
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issuer: 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
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