EANS-News: Derby Cycle reports record 36% sales growth in FY 2010/11

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Annual Reports

Subtitle: Sales revenue of EUR 235.5 million (+36% year-on-year) /
Operating profit (EBIT) up 62% to EUR 19.6 million / Electric bike
sales almost double to 87,000

Cloppenburg (euro adhoc) - January 24, 2012 - Derby Cycle AG (ISIN
DE000A1H6HN1, WKN A1H6HN), Germany's largest bicycle manufacturer in
terms of sales, reports record sales revenues and EBIT for the
2010/11 fiscal year.

The company's sales experienced significant growth of 36.0% in the
2010/11 fiscal year elapsed, rising from EUR 173.2 million to EUR
235.5 million. EBIT was up even more sharply, increasing from EUR
12.1 million in the comparable period of the previous year to EUR
19.6 million, representing 61.7% growth, and an 8.3% EBIT margin
(previous year: 7.0%). Derby Cycle AG's consolidated net income grew
49.3% to EUR 11.2 million (previously: EUR 7.5 million), equivalent
to EUR 1.49 of earnings per share (previous year: EUR 1.00).

A total of 482,000 bicycles from the Kalkhoff, Raleigh, Rixe, FOCUS
and Univega brands were sold in the reporting period, equivalent to a
12.1% increase compared with the previous year's figure of 430,000
units. The company almost doubled unit sales to 87,000 in its
electric bikes segment (previous year: 44,000 bicycles). These
figures also reflect the particularly strong contribution that
electric bikes are making to the company's growth. The share of sales
realised abroad were also up and in line with business expansion. The
company is now selling around one third of its products outside
Germany, which also underscores the successful implementation of
Derby Cycle's internationalisation strategy.

Mathias Seidler, CEO of Derby Cycle AG, looks back on the progress
made in the past financial year with pride: "Once again, we have
demonstrated that we have first-class products. Above all, our
electric bikes are making outstanding progress on the market, and
have played a particular role in bolstering our growth." Seidler also
takes a very positive view of the future: "We identified the
bicycling megatrend, and offer the right products for all target
groups. We have also received very good feedback at the 2011 bicycle
trade fairs, and our pre-order volumes are up significantly on the
previous year."

"In view of our continuing growth dynamics, we are very confident
that we will continue the past financial year's success story in
2011/12," added Uwe Bögershausen, the company's CFO. This confidence
is already reflected in the company's forecast: "Based on continued
high demand in the electric bikes segment, and a further advance in
our internationalisation, we anticipate total sales revenues of
between EUR 250 million and EUR 270 million for the 2011/12 financial
year, and an 8 to 9% EBIT margin."

The complete 2010/11 annual year report can be downloaded from today
from the company's website at www.derby-cycle.com, within the
"Investor Relations" area.

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 630 employees, Derby Cycle achieved revenue of EUR 235.5
million in the fiscal year 2010/2011, 66.9% of which was generated in
Germany, and 33.1% abroad. Earnings before interest and tax (EBIT)
amounted to approximately EUR 19.6 million. Derby Cycle sold a total
of around 482,000 bicycles, of which 87,000 comprised e-bikes. As a
consequence, Derby Cycle has asserted a position of clear market
leadership in 2011. The company forecasts revenues of EUR 250 million
to 270 million, and an EBIT margin of 8 to 9% (2010/11: 8.3%) for the
2011/12 fiscal year that ends on September 30, 2012.

Further information is available at: www.derby-cycle.com

Further inquiry note:
cometis AG
Unter den Eichen 7
65195 Wiesbaden
www.cometis.de

Henryk Deter
Telefon: +49 (0)611-20 58 55-13
E-Mail: deter@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: SDAX
stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart,
regulated dealing/prime standard: Frankfurt
language: English