Accell Group foresees 15% revenue rise in Hungary

City

Dutch bicycle manufacturer Accell Groupʼs Hungarian unit foresees its revenues this year rising by 15% over last yearʼs nearly €90 mln, Accell Hunland managing director Zsolt Steurer said yesterday, according to Hungarian news agency MTI.

Headcount at Accell Hunlandʼs base in Tószeg, central Hungary, changes with seasonal demand but is set to reach 600 early next year, Steurer said.

The unit, which was established in 2001, expects to turn out its two millionth bicycle this October, he added. Accell Hunland added electric bicycles to its product palette in 2009 and they now account for half of its output.

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