Menu
sharewise sharewise
Log in
Sign up
Log in
Sign up
Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

DGAP-Adhoc: Bitcoin Group SE announces preliminary figures for the first half of 2022 and adjusts full-year guidance

eqs_en 
0 0 14.09.22
DGAP-Adhoc: Bitcoin Group SE announces preliminary figures for the first half of 2022 and adjusts full-year guidance
 

DGAP-Ad-hoc: Bitcoin Group SE / Key word(s): Preliminary Results/Change in Forecast
Bitcoin Group SE announces preliminary figures for the first half of 2022 and adjusts full-year guidance

14-Sep-2022 / 11:14 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Bitcoin Group SE announces preliminary figures for the first half of 2022 and adjusts full-year guidance

Herford, September 14, 2022 - Bitcoin Group SE (ISIN DE000A1TNV91) has closed the first half of 2022 with revenues of EUR 5.6 million, according to preliminary figures. In the first half of 2021, revenues amounted to EUR 17.7 million. Earnings before interest, taxes, depreciation and amortization (EBITDA) decreased to EUR 2.7 million, compared to EUR 14.4 million in the same period of the previous year. The decline in revenues and earnings was mainly due to lower demand for cryptocurrencies and related transaction revenues on the Bitcoin.de trading platform operated by the subsidiary futurum bank AG.

As a result of the decline in the price of the held crypto assets, a corresponding write-down has also been made on the purchase prices of the Company's own holdings in accordance with the lowest value principle.

Taking into account the worsening market conditions, Bitcoin Group SE had to adjust its ambitious targets for fiscal year 2022, which foresaw a slight decline in revenues and EBITDA in the upper single-digit million range. The Company now assumes a strong decline in revenues. EBITDA is expected to be in the lower single-digit million range.


Contact:
Bitcoin Group SE
Marco Bodewein
Nordstraße 14
32051 Herford
Email: [email protected]
Phone: +49.5221.69435.20
Fax: +49.5221.69435.25
Website: www.bitcoingroup.com

Investor Relations Contact:
CROSS ALLIANCE communication GmbH
Sara Pinto
Phone: +49.89.1250903-30
Email: [email protected]
Website: www.crossalliance.de

14-Sep-2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: Bitcoin Group SE
Nordstrasse 14
32051 Herford
Germany
Phone: +49.5221.69435.20
Fax: +49.5221.69435.25
E-mail: [email protected]
Internet: www.bitcoingroup.com
ISIN: DE000A1TNV91
WKN: A1TNV9
Listed: Regulated Unofficial Market in Berlin, Dusseldorf (Primärmarkt), Frankfurt, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1442015

 
End of Announcement DGAP News Service

1442015  14-Sep-2022 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1442015&application_name=news&site_id=sharewise

Bitcoin Group SE Stock

€53.20
1.710%
Bitcoin Group SE gained 1.710% today.
Our community is currently high on Bitcoin Group SE with 4 Buy predictions and 0 Sell predictions.
As a result the target price of 70 € shows a positive potential of 31.58% compared to the current price of 53.2 € for Bitcoin Group SE.
Show more
Like: 0
Share
eqs_en 
EQS Group is a leading international provider of regulatory technology in the fields of corporate compliance and investor relations. In working with EQS Group, thousands of companies worldwide inspire trust by fulfilling complex national and international disclosure obligations, minimizing risks and communicating transparently with stakeholders.




Legal notice

Comments

Not a member yet? Sign up for free!