EQS-News: BIKE24: Adjusted EBITDA rises from EUR -3 million to EUR +5 million in 2024 - profitability target fully met, changes in the Executive Board
EQS-News: BIKE24 Holding AG
/ Key word(s): Preliminary Results/Personnel
March 7, 2025 BIKE24: Adjusted EBITDA rises from EUR -3 million to EUR +5 million in 2024 - profitability target fully met, changes in the Executive Board
Profitability target 2024 fully met Dresden, March 7, 2025 – BIKE24 Holding AG (the “Company”) has reaffirmed its return to growth after a strong final quarter. In the fourth quarter of 2024, the Company recorded revenue growth of 7% compared to the same period the prior year. At the same time, the profitability target for 2024 was fully met: Based on the preliminary fully-year 2024 results, adjusted EBITDA will be ca. EUR 5 million, while a loss of EUR 3 million was recorded in 2023. The revenue of one of the leading European bike and accessories e-commerce platform remained stable at EUR 226 million for the full year 2024 in a still challenging market environment. Timm Armbrust, CFO of BIKE24, commented: "2024 was a very successful and eventful year for us, as we managed to return to profitability. This is primarily due to our excellent operational handling of the daily challenges in a market still characterized by overstock. After an operating loss in the fiscal year 2023, we were able to return to profitability with an adjusted EBITDA of EUR 5 million in 2024. This positive momentum continued in the first months of 2025. The foundation for this positive development was our consistent focus on bike enthusiasts and an adapted purchasing policy that takes into account the currently difficult market conditions. As a result, we were able to increase the gross margin by ca. 3 percentage points compared to 2023 to more than 27%.” Andrés Martin-Birner, co-founder and CEO of BIKE24, adds: "It is great to see that BIKE24 has found its way back to consistent profitability. We were also able to record a steady improvement in top-line growth rates over the last quarters. After a revenue decline of 11% in the first quarter of 2024 compared to the previous year, revenue grew by 1% in the second quarter, by 3% in the third quarter, and finally by 7% in the fourth quarter. In January and February 2025, we were even able to generate double digit revenue growth." BIKE24 had a great start to 2025, expanding on its strategy of localizing its e-commerce platform. The country-specific online shops in Poland and Finland went live even a few weeks earlier than planned. The full results for the fiscal year 2024 will be published on March 26, 2025. Changes in the Executive Board Timm Armbrust will leave the Company at his own request after 9 years as CFO on June 30, 2025. During his tenure, Timm Armbrust played a key role in the successful development of BIKE24. His most important contributions include:
Andres Martin-Birner, founder and CEO of BIKE24, says: "Timm has accompanied BIKE24 during a crucial growth phase and with his strong commitment significantly contributed to the development of the Company. We deeply regret his departure, thank him for his outstanding work, and wish him all the best for the future." Timm Armbrust himself comments on his departure: "After the successful return to profitability, the successful extension of the Company's financing until April 30, 2027, and a very good start to 2025, the time has come for me to take on a new challenge. I sincerely thank the entire team for all their contributions and collaboration and look back with pride on our time together." The Supervisory Board of BIKE24 is initiating the search for a successor for the CFO position. About BIKE24 BIKE24 is one of continental Europe's leading e-commerce bike platforms. The online retailer with a focus on the premium segment is the central contact point for the fast-growing community of bicycle enthusiasts and thus promotes green mobility. Founded in Dresden in 2002 by CEO Andrés Martin-Birner, Falk Herrmann and Lars Witt, responsible for Legal & Own Brands, the company has quickly developed into one of continental Europe's leading companies as well as a globally active online retailer in this fast-growing market. The web shop offers customers 77,000 products from more than 800 brands. This gives BIKE24 the widest range of branded products in the sector in continental Europe. The online bike platform is already present with ten local online shops in Germany (bike24.de), Austria (bike24.at), Spain (bike24.es), France (bike24.fr), Italy (bike24.it), the Netherlands (bike24.nl), Luxembourg (bike24.lu), Belgium (bike24.be), Poland (bike24.pl), and Finland (bike24.fi) in continental Europe. In addition, the international shop (bike24.com) serves customers worldwide.
07.03.2025 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group. |
Language: | English |
Company: | BIKE24 Holding AG |
Breitscheidstr. 40 | |
01237 Dresden | |
Germany | |
ISIN: | DE000A3CQ7F4 |
WKN: | A3CQ7F |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 2097240 |
End of News | EQS News Service |
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2097240 07.03.2025 CET/CEST
Zur besseren Einschätzung der fundamentalen Entwicklung der jeweiligen Unternehmen bietet boersengefluester.de (BGFL) eine Übersicht mit den wesentlichen Kennzahlen zu Umsatz, Ergebnis, Cashflow und Dividende. Sämtliche Angaben werden manuell in unserer Datenbank erfasst – Quelle sind die jeweiligen Geschäftsberichte. Sofern es sich um Schätzungen für künftige Zahlen handelt, stammen sie durchweg von BGFL.
Die wichtigsten Finanzdaten auf einen Blick | ||||||||
2019 | 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | ||
Umsatzerlöse1 | 137,10 | 199,15 | 250,16 | 261,52 | 226,34 | 226,00 | 234,00 | |
EBITDA1,2 | 15,24 | 23,97 | 20,34 | 7,21 | -6,08 | 5,00 | 8,00 | |
EBITDA-Marge3 | 11,12 | 12,04 | 8,13 | 2,76 | -2,69 | 2,21 | 3,42 | |
EBIT1,4 | 6,33 | 10,33 | 6,11 | -7,78 | -83,50 | -8,00 | -5,50 | |
EBIT-Marge5 | 4,62 | 5,19 | 2,44 | -2,98 | -36,89 | -3,54 | -2,35 | |
Jahresüberschuss1 | -4,08 | 0,56 | 2,23 | -6,63 | -80,40 | -12,00 | -6,20 | |
Netto-Marge6 | -2,98 | 0,28 | 0,89 | -2,54 | -35,52 | -5,31 | -2,65 | |
Cashflow1,7 | 3,46 | 21,10 | -9,54 | -11,88 | 6,20 | 0,00 | 0,00 | |
Ergebnis je Aktie8 | -0,09 | 0,01 | 0,05 | -0,15 | -1,82 | -0,29 | -0,14 | |
Dividende8 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 |
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de
Wirtschaftsprüfer: KPMG
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INVESTOR-INFORMATIONEN | ||||||
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Bike24 Holding | ||||||
WKN | ISIN | Rechtsform | Börsenwert | IPO | Einschätzung | Plus Code |
A3CQ7F | DE000A3CQ7F4 | AG | 61,61 Mio € | 25.06.2021 | Kaufen | 9F3M2R85+33 |
KGV 2026e | KGV 10Y-Ø | BGFL-Ratio | Shiller-KGV | KBV | KCV | KUV |
34,88 | 0,00 | 0,00 | -5,94 | 0,48 | 9,93 | 0,27 |
Dividende '2022 in € |
Dividende '2023 in € |
Dividende '2024e in € |
Div.-Rendite '2024e in % |
0,00 | 0,00 | 0,00 | 0,00% |
Hauptversammlung | Q1-Zahlen | Q2-Zahlen | Q3-Zahlen | Bilanz-PK |
17.06.2025 | 02.05.2025 | 08.08.2024 | 06.11.2024 | 26.03.2025 |
Abstand 60-Tage-Linie | Abstand 200-Tage-Linie | Performance YtD | Kursveränderung 52 Wochen | IPO |
+30,99% | +12,86% | +27,40% | -6,38% | -90,70% |