Business
BIKE24 off to a strong start in 2025 Double-digit revenue growth in all regions and EUR 2.1 million improvement in operating result
BIKE24 off to a strong start in 2025 Double-digit revenue growth in all regions and EUR 2.1 million improvement in operating
About this update from Bike24 Holding Ag
[{"type":"text","content":"\n\n\nEQS-News: Bike24 Holding AG\n\n\n / Key word(s): Quarterly / Interim Statement\n\n\n\n\n\nBIKE24 off to a strong start in 2025 Double-digit revenue growth in all regions and EUR 2.1 million improvement in operating result \n\n\n\n\n\n\n02.05.2025 / 07:30 CET/CEST\n\n\n\nThe issuer is solely responsible for the content of this announcement.BIKE24 off to a strong start in 2025Double-digit revenue growth in all regions and EUR 2.1 million improvement in operating resultGroup revenue increases by 17.8% to EUR 58.0 millionDouble-digit revenue growth in all European regions – very strong core market in Germany, Austria and Switzerland and successful localisation in Poland and FinlandImprovement in adjusted EBITDA by EUR 2.1 million compared to the prior-year quarter – despite winter promotions and a seasonally weak demand periodPersonnel costs down from EUR 6.9 million to EUR 6.1 million despite significant sales growth – efficiency measures taking effectInventory reduced by 6.7% compared to March 2024 – with simultaneous improvement in product range and availabilityFull-year 2025 guidance confirmed despite strong start – cautious outlook due to macroeconomic uncertaintiesDresden, May 2, 2025 – Bike24 Holding AG (BIKE24) has made an excellent start to the 2025 financial year. In the first quarter of 2025, the company achieved a 17.8% year-over-year increase in revenue to EUR 58.0 million, driven by strong momentum across all European markets. While the established core markets in the DACH region again recorded with +22% double-digit growth, the company's localisation strategy continued to pay off: the newest markets, Poland and Finland, achieved growth rates of 30% and 26%, respectively, for the full quarter – despite the localisation being completed only at the end of February. Looking solely at March, combined growth in these two markets reached an impressive 48%.Profitability despite seasonal headwinds and winter promotions\nDespite the traditionally weaker bicycle season at the beginning of the year and significant discounting during the annual winter sales, BIKE24 delivered an operating profit already in the first quarter: Adjusted EBITDA improved by EUR 2.1 million to EUR 0.6 million (Q1 2024: EUR –1.5 million).Efficiency programme delivers results – personnel costs decline despite growth\nThe consistent execution of last ...