Brief: Bike24 Q1 Adjusted EBITDA Down At EUR 3.8 Mln

Bike24 Holding AG

10/05/2022 06:36

May 10 (Reuters) - BIKE24 HOLDING AG  BIKE.DE :
    * KEEPS GROWING AMID CHALLENGING ENVIRONMENT: SOLID REVENUE
AND
EARNINGS PERFORMANCE IN Q1 2022 DRIVEN BY CONSISTENT EXECUTION
OF THE EUROPEAN EXPANSION STRATEGY
    * Q1 REVENUE ROSE 7 PERCENT TO 61.8 MILLION EUR
    * FULL-YEAR 2022 GUIDANCE CONFIRMED AT LOWER END OF RANGE
    * CONTINUED STRONG GROWTH IN SPAIN AGAIN
    * NEW LOCALIZED ONLINE SHOPS IN FRANCE AND ITALY POST A
SIGNIFICANT DOUBLE-DIGIT SALES SURGE
    * NUMBER OF ACTIVE CUSTOMERS INCREASES BY 10% YOY TO 835
THOUSAND
    * AS EXPECTED, Q1 EARNINGS BEFORE INTEREST, TAXES,
DEPRECIATION
AND AMORTIZATION ADJUSTED FOR SPECIAL EFFECTS (ADJUSTED EBITDA)
CAME IN AT EUR 3.8 MILLION (Q1 2021: 7.3 MILLION)
    * 74.3% OF ORDERS IN Q1 2022 CAME FROM RETURNING CUSTOMERS
(Q1
2021: 74.1%)

Source text for Eikon:  ID:nEQ914TnSa 
Further company coverage:  BIKE.DE 

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