Brief: Bike24 H1 Adjusted EBITDA Up At EUR 18.9 Mln

Bike24 Holding AG

12/08/2021 06:47

Aug 12 (Reuters) - Bike24 Holding AG  BIKE.DE :
    * BIKE24 WITH STRONG HALF-YEAR RESULTS AFTER IPO: SALES INCREASE BY 44%, ADJUSTED EBITDA
IMPROVES
BY 83% TO EUR 18.9 MILLION
    * HALF YEAR ADJUSTED EBITDA ROSE 44 PERCENT TO 18.9 MILLION EUR
    * H1 REVENUE ROSE 44 PERCENT TO 127.4 MILLION EUR
    * GENERATED REVENUES OF EUR 127.4 MILLION IN FIRST HALF OF 2021, AN INCREASE OF 44% YEAR-ON
YEAR
(H1 2020: EUR 88.4 MILLION)
    * H1 EARNINGS BEFORE INTEREST, TAXES, DEPRECIATION AND AMORTISATION (EBITDA) IMPROVED BY 51%
TO
EUR 13.1 MILLION (H1 2020: EUR 8.7 MILLION)
    * H1 OPERATING RESULT (EBIT) OF EUR 6.2 MILLION AFTER EUR 1.9 MILLION IN 2020, AN INCREASE
OF 230%
    * AFTER DEDUCTION OF INTEREST AND TAXES, BIKE24 HOLDING AG GENERATED A H1 NET RESULT OF EUR
2.8
MILLION AFTER EUR -0.6 MILLION IN FIRST HALF OF 2020
    * FOR SECOND HALF OF YEAR, BIKE24 HOLDING AG EXPECTS A DOUBLE-DIGIT INCREASE IN SALES
COMPARED TO
SAME PERIOD 2020, ALBEIT WITH A LOWER EBITDA MARGIN
    * FOR FULL YEAR 2021, MANAGEMENT EXPECTS REVENUE GROWTH BETWEEN 23 AND 30 PERCENT AND AN
ADJUSTED
EBITDA MARGIN BETWEEN 12 AND 13 PERCENT


Further company coverage:  BIKE.DE 

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