Bike24 Holding Soars into 2024 with Remarkable Profitability Boost

• BIKE24 reported a sales decline of 11% in Q1 2024, with sales amounting to EUR 49.3 million compared to EUR 55.3 million in Q1 2023.
• Despite lower sales, the company's gross profit increased by 4% due to reduced promotional activities and improved end-market prices.
• The company saw strong growth in the localized markets of Belgium, the Netherlands, and Luxembourg, with average sales growth of 95%.
• BIKE24 expects to return to growth with improved profitability in the second half of 2024.
• The company confirmed its forecast for the full year 2024, expecting sales growth of between 1% and 5% and an adjusted EBITDA margin of 0.7% to 4.2%.
• Inventories remained stable at EUR 71.0 million as of March 31, 2024, and cash and cash equivalents also remained stable at EUR 18.3 million.

The next important date, Publication of quarterly financial report (as of Q1), at Bike24 Holding is on 02.05.2024.

The price of Bike24 Holding at the time of the news was 1,3575EUR and was up +0,37 % compared with the previous day.
28 minutes after the article was published, the price was 1,3650EUR this corresponds to a plus of +0,55 % since publication.

Bike24 Holding

-3,81 %

-2,12 %

+0,18 %

-26,97 %

-49,64 %

-92,32 %

ISIN:DE000A3CQ7F4WKN:A3CQ7F

• Intraday
• 5 Tage
• 1 Monat
• 3M
• 1 Jahr
• Max