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.
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
Retrieved on:
Tuesday, November 7, 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).
Retrieved on:
Thursday, October 26, 2023
Retrieved on:
Thursday, October 26, 2023
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.
Retrieved on:
Thursday, August 10, 2023
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).
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.