ISIN:DE000A3CQ7F4

EQS-News: Bike24 Holding AG: Strong double-digit growth rates in localized markets and full-bike segment but ongoing weak consumer sentiment in core markets during FY 2023

Retrieved on: 
Wednesday, April 10, 2024
EUR, DACH, Depression, Annual report, Growth, Environment, FY, Euribor, Clothing, Policy, Earnings call, Bank statement, Geography, Pharmaceutical industry

Bike24 Holding AG (BIKE24) recorded a revenue decline of 13 percent to EUR 226 million during FY 2023, a year with unprecedented challenges for the cycling industry.

Key Points: 
  • Bike24 Holding AG (BIKE24) recorded a revenue decline of 13 percent to EUR 226 million during FY 2023, a year with unprecedented challenges for the cycling industry.
  • Double-digit growth rates for the full-bike segment as well as the localized markets could not offset the depressed consumer sentiment in the core markets DACH throughout the year.
  • During FY 2023, the decline of 19 percent in the PAC (parts, accessories and clothing) segment was partly offset by strong growth of 25 percent in the full-bike segment.
  • By geography, the Benelux markets (+41 percent) outperformed all other localized markets which recorded a combined growth of 18 percent during FY 2023.

EQS-News: Bike24 Holding AG: Starke zweistellige Wachstumsraten in lokalisierten Märkten und im Komplettrad-Segment, weiterhin schwache Konsumentenstimmung in den Kernmärkten im GJ 2023

Retrieved on: 
Wednesday, April 10, 2024
Holding, GJ, Quartal, Prozent, Fokus, Gesamtumsatz, Benelux, Wachstum, Euro, Teil, Kleidung, Geographie, Abschreibung, Markt (Wirtschaftswissenschaft), Rohertrag, Beschaffungslogistik, Niveau, Zahlungsmittel, Plankosten, Abbau, Kategorientheorie, Wirkung, Cashflow, Unternehmen, Wertminderung, Geschäfts- oder Firmenwert, Rechnung, Management, Vergleich

EQS-News: Bike24 Holding AG: Margin improvement initiatives continue to show positive development during third quarter of 2023

Retrieved on: 
Tuesday, November 7, 2023
Depreciation, CFO, EBITDA, Growth, PAC, Policy, FY, Clothing, Tax, SAP, EUR, DACH, Pharmaceutical industry, Lithium, Benelux

Sales guidance for FY 2023 adjusted from previously -10 to -5 percent to -16 to -11 percent, guidance for adjusted EBITDA margin remains unchanged

Key Points: 
  • Sales guidance for FY 2023 adjusted from previously -10 to -5 percent to -16 to -11 percent, guidance for adjusted EBITDA margin remains unchanged
    Dresden, November 2, 2023.
  • In the third quarter of 2023, Bike24 Holding AG (BIKE24) recorded a decline in sales of -16 percent due to persistently poor consumer sentiment in the core market DACH.
  • Adjustments in the pricing strategy resulted in a gross margin of 27.1 percent, a significant increase compared to the prior-year quarter (24.8 percent).
  • This corresponds to an adjusted EBITDA margin of 3.9 percent for the third quarter (Q3 2022: 3.3 percent).

EQS-News: Bike24 Holding AG announces preliminary results for the third quarter of 2023, full-year revenue guidance adjusted

Retrieved on: 
Thursday, October 26, 2023
Environment, EBITDA, PAC, Clothing, Bossard Holding AG, EUR, Pharmaceutical industry, Video game

Bike24 Holding AG announces preliminary results for the third quarter of 2023, full-year revenue guidance adjusted

Key Points: 
  • Bike24 Holding AG announces preliminary results for the third quarter of 2023, full-year revenue guidance adjusted
    The issuer is solely responsible for the content of this announcement.
  • However, macroeconomic challenges and consolidations across the industry are expected to lead to stronger overcapacities than originally planned.
  • Initial consolidations show that the market will change fundamentally," says Andrés Martin-Birner, co-founder and CEO of BIKE24.
  • As the expected easing of the market is expected to be further delayed, the management of BIKE24 has adjusted the revenue guidance for fiscal year 2023.

EQS-News: Bike24 Holding AG: Full-bike segment and localized markets with double-digit growth despite difficult market environment; profitability significantly increased compared to previous quarter

Retrieved on: 
Thursday, August 10, 2023
Maritime E-Commerce Association, IPO, IR, German, EUR, EBITDA, Webcast, Growth, ZIV, Video game, Lithium, Pharmaceutical industry

Bike24 Holding AG: Full-bike segment and localized markets with double-digit growth despite difficult market environment; profitability significantly increased compared to previous quarter

Key Points: 
  • Bike24 Holding AG: Full-bike segment and localized markets with double-digit growth despite difficult market environment; profitability significantly increased compared to previous quarter
    The issuer is solely responsible for the content of this announcement.
  • Bike24 Holding AG: Full-bike segment and localized markets with double-digit growth despite difficult market environment; profitability significantly increased compared to previous quarter
    Sales in the second quarter at EUR 62.9 million, -6.1 percent compared to the same period last year
    Measures to improve profitability show effect: Adjusted EBITDA margin at 0.9 percent in Q2 2023; a significant improvement compared to Q1 2023 (-4.7 percent)
    Dresden, August 10, 2023.
  • The initiated measures to increase profitability already show effect: The company significantly improved its operating profitability compared to the previous quarter with a positive adjusted EBITDA margin of 0.9 percent (Q1 2023: -4.7 percent).
  • The share of total sales of these markets increased from 12 percent to 20 percent (Q2: 19 percent).

EQS-News: BIKE24 announces preliminary results for the second quarter of 2023, full-year guidance adjusted

Retrieved on: 
Tuesday, July 18, 2023
German, Maritime E-Commerce Association, Growth, Weather, EUR, Particular, EBITDA, ZIV, Deutscher Radfahrer-Verband, Marketing, Pharmaceutical industry, Video game

BIKE24 announces preliminary results for the second quarter of 2023, full-year guidance adjusted

Key Points: 
  • BIKE24 announces preliminary results for the second quarter of 2023, full-year guidance adjusted
    The issuer is solely responsible for the content of this announcement.
  • Given various initiatives to reduce costs, BIKE24 nevertheless achieved an increase in operational profitability in the second quarter compared to the first quarter of 2023.
  • We see the first effects of these measures in the margin improvement in the second quarter compared to the first quarter of 2023."
  • As the expected improvement in market sentiment takes longer than expected, BIKE24 has adjusted its guidance for the 2023 financial year.