Overview
Germany e-commerce platform's Q1 revenue rose 21.9% yr/yr to EUR 70.7 mln
Adjusted EBITDA improved to EUR 1.8 mln, driven by operational leverage and higher gross margin
Company confirmed 2026 full-year forecast for revenue and adjusted EBITDA
Outlook
BIKE24 sees 2026 revenue between EUR 318 mln and EUR 332 mln
Company expects 2026 adjusted EBITDA of EUR 16 mln to EUR 20 mln
BIKE24 maintains 2026 forecast despite macroeconomic uncertainties
Result Drivers
BROAD-BASED REVENUE GROWTH - Co said revenue growth spanned all key markets, product lines and customer segments
LOCALIZED MARKETS AND FULL-BIKE SEGMENT - Co said localized markets and the complete bicycle product group saw disproportionately high revenue growth
OPERATIONAL LEVERAGE AND COST DISCIPLINE - Co attributed improved adjusted EBITDA to operational leverage, a higher gross margin, and disciplined cost management
Company press release: ID:nEQ2z9Ssra
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
EUR 70.74 mln
Q1 Net Income
-EUR 2.22 mln
Q1 Adjusted EBITDA
EUR 1.78 mln
Q1 Adjusted EBIT
-EUR 48,000
Q1 Gross Profit
EUR 18.03 mln
Q1 Pretax Profit
-EUR 3.23 mln
Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the miscellaneous specialty retailers peer group is "buy."
Wall Street's median 12-month price target for Bike24 Holding AG is €4.25, about 49.1% above its May 5 closing price of €2.85
The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 27 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)