EQS-News: Bike24 Holding AG: Extension of syndicated loan agreement
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EQS-News: BIKE24 Holding AG
/ Key word(s): Financing
Bike24 Holding AG ("BIKE24" or the "Company") announce the successful extension of its existing €40 million bank facilities in collaboration with its consortium of 3 banks. The transaction was signed and closed on 10th February 2025, marking a significant milestone in the Company's financial strategy. This extension strengthens the Company's financing structure by ensuring medium-term financial stability and enhancing operational flexibility to support its continued growth. Following a short-term extension of its syndicated loan in March 2024, stabilising the Company's financing situation. Despite industry-wide margin pressure, BIKE24 continued the dialogue with its existing lenders and proved its ability to deliver on its business plan. As a result, the Company was able to extend its syndicated loan into a medium-term financing solution, provided by its existing lenders. The revised financing structure provides increased operational flexibility to the Company and introduces a covenant framework better aligned with BIKE24's strategic and operational requirements. BIKE24's founder and CEO Andrés Martin-Birner is pleased with the outcome of the transaction and stated: "We are delighted to enter the 2025 season with greater financial flexibility. This enables us to continue offering our customers the full range of products for cycling enthusiasts while driving our successful expansion into additional European markets." Timm Armbrust, CFO of BIKE24, added: "We highly value the long-standing and trusted partnership with our existing banking consortium and look forward to continuing our collaboration. It is also gratifying to see that BIKE24's significant operational progress over the past year has been recognised and reflected." Founded in 2002 and headquartered in Dresden, Germany, BIKE24 has grown from a specialised online retailer to one of the leading e-commerce platforms in continental Europe with focus on the premium segment. With more than 900,000 active customers and a comprehensive selection of around 77,000 products, BIKE24 is a leading one-stop shop for all cycling needs. Using its state-of-the-art AutoStore warehouse systems located in Dresden, Germany, and Barcelona, Spain, it can efficiently serve customers in over 80 countries. Houlihan Lokey acted as exclusive financing advisor on all commercial aspects of the transaction. Despite the challenging market sentiment towards the bike sector, Houlihan Lokey supported BIKE24 on the structuring of a competitive financing solution with flexibility to support the Company's growth strategy. Milbank served as the legal advisor to BIKE24, McDermott served as the legal advisor to lenders.
10.02.2025 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: | 2084031 |
| End of News | EQS News Service |
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2084031 10.02.2025 CET/CEST
Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.
| The most important financial data at a glance | ||||||||
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025e | ||
| Sales1 | 137,10 | 199,15 | 250,16 | 261,52 | 226,34 | 226,31 | 284,00 | |
| EBITDA1,2 | 15,24 | 23,97 | 20,34 | 7,21 | -6,08 | 1,46 | 13,00 | |
| EBITDA-Margin3 | 11,12 | 12,04 | 8,13 | 2,76 | -2,69 | 0,65 | 4,58 | |
| EBIT1,4 | 6,33 | 10,33 | 6,11 | -7,78 | -83,50 | -15,09 | -3,50 | |
| EBIT-Margin5 | 4,62 | 5,19 | 2,44 | -2,98 | -36,89 | -6,67 | -1,23 | |
| Net Profit (Loss)1 | -4,08 | 0,56 | 2,23 | -6,63 | -80,40 | -13,62 | -6,30 | |
| Net-Margin6 | -2,98 | 0,28 | 0,89 | -2,54 | -35,52 | -6,02 | -2,22 | |
| Cashflow1,7 | 3,46 | 21,10 | -9,54 | -11,88 | 6,20 | 7,38 | 9,50 | |
| Earnings per share8 | -0,09 | 0,01 | 0,05 | -0,15 | -1,82 | -0,31 | -0,14 | |
| Dividend per share8 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | |
1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de
Auditor: KPMG
All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.
| INVESTOR-INFORMATION | ||||||
| ©boersengefluester.de | ||||||
| Bike24 Holding | ||||||
| WKN | ISIN | Legal Type | Marketcap | IPO | Recommendation | Plus Code |
| A3CQ7F | DE000A3CQ7F4 | AG | 134,71 Mio € | 25.06.2021 | Kaufen | 9F3M2R85+33 |
| PE 2026e | PE 10Y-Ø | BGFL-Ratio | Shiller-PE | PB | PCF | KUV |
| 61,00 | 0,00 | 0,00 | -12,98 | 1,10 | 18,26 | 0,60 |
|
Dividend '2023 in € |
Dividend '2024 in € |
Dividend '2025e in € |
Div.-Yield '2025e in % |
| 0,00 | 0,00 | 0,00 | 0,00% |
| Annual General Meeting | Q1-figures | Q2-figures | Q3-figures | Annual press conference |
| 17.06.2025 | 02.05.2025 | 13.08.2025 | 12.11.2025 | 26.03.2025 |
| Distance 60-days-line | Distance 200-days-line | Performance YtD | Performance 52 weeks | IPO |
| -3,76% | +16,15% | +178,54% | +177,27% | -79,67% |
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