Bicycle builder Accell benefited last year from a rapidly growing demand for bicycles.
E-bikes, among other things, rose in popularity, the manufacturer of Batavus, Koga, Babboe and Sparta bicycles, among others, reports in the annual figures published on Friday.
Initially, the company suffered from the first lockdown in the spring of 2020. But immediately afterwards bicycle shops were allowed to reopen and more and more cycling enthusiasts decided to buy a new two-wheeler, whether or not an electric one.
The revenues of Accell, which has its head office in Heerenveen, amounted to 1.3 billion euros for the whole of 2020.
That was 17 percent more than in the previous year.
The net profit amounted to 64.8 million euros.
CEO Ton Anbeek is positive about this year.
However, he points out that it is uncertain what consequences the pandemic will have on consumer behavior, the company's branches and the shops that sell the bicycles.
Although the number of orders for this year is large, the bicycle manufacturer expects that delivery and logistics problems will cause some of the sales to shift to the second half of the year.