Business
Bike24 Holding AG: Adjusted EBITDA increases from EUR -3 million to EUR 5 million in 2024 – Further significant increase in profitability with simultaneous revenue growth expected for 2025
Bike24 Holding AG: Adjusted EBITDA increases from EUR -3 million to EUR 5 million in 2024 – Further significant increase in profitability with simultaneous
About this update from Bike24 Holding Ag
[{"type":"text","content":"\n\n\nEQS-News: BIKE24 Holding AG\n\n\n / Key word(s): Annual Results/Forecast\n\n\n\n\n\nBike24 Holding AG: Adjusted EBITDA increases from EUR -3 million to EUR 5 million in 2024 – Further significant increase in profitability with simultaneous revenue growth expected for 2025 \n\n\n\n\n\n\n26.03.2025 / 07:30 CET/CEST\n\n\n\nThe issuer is solely responsible for the content of this announcement.Bike24 Holding AG: Adjusted EBITDA increases from EUR -3 million to EUR 5 million in 2024 – Further significant increase in profitability with simultaneous revenue growth expected for 2025Revenue growth in the fourth quarter: +7 per cent / full year: stable at EUR 226.3 million\n Adjusted EBITDA for the financial year 2024: EUR 5.3 million\n Strong start to the financial year 2025: double-digit revenue growth expected in the first quarter\n Guidance 2025: Adjusted EBITDA of EUR 7.0 – 12.1 million\nDresden, 26 March 2025 – Bike24 Holding AG has further consolidated its growth trajectory after a strong final quarter of 2024. In the fourth quarter, the company recorded a 7 per cent increase in revenue compared to the previous year. For the financial year as a whole, revenue remained stable at EUR 226.3 million. At the same time, the profitability target for 2024 was clearly achieved: adjusted EBITDA rose to EUR 5.3 million, after a loss of EUR 2.9 million was reported in 2023. BIKE24 thus confirms the preliminary results published on 7 March 2025.Profitability target for 2024 comfortably met and positive revenue trend over the course of the year\nDespite a challenging market environment, BIKE24 was able to achieve a continuous improvement in growth rates in 2024. After an 11 per cent decline in revenues in the first quarter, business stabilised in the second quarter (+1 per cent), followed by a 3 per cent increase in the third quarter and strong growth of 7 per cent in the fourth quarter.\nThe positive business performance was also reflected in an improved balance sheet. Here, the as-planned reduction of inventory through the clearance of excess stock and optimised procurement management led to a further optimisation of working capital.\nAndrés Martin-Birner, co-founder and CEO of BIKE24, comments\n“The strong growth in the BENELUX region is particularly encouraging. The country-specific online shops for these markets were launched in the fi...