17.05.2019 Bitcoin Group SE  DE000A1TNV91

DGAP-Adhoc: Bitcoin Group SE publishes preliminary figures for the 2018 financial year


 

DGAP-Ad-hoc: Bitcoin Group SE / Key word(s): Preliminary Results/Annual Results
Bitcoin Group SE publishes preliminary figures for the 2018 financial year

17-May-2019 / 20:17 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 publishes preliminary figures for the 2018 financial year

Herford, May 17, 2019 - Bitcoin Group SE (ISIN DE000A1TNV91) discussed and evaluated the present preliminary IFRS consolidated financial statements for the year 2018 at today's meeting of the Board of Directors. In the 2018 financial year, a turnover of EUR 11.3 million was achieved. This is EUR 1.8 million higher than forecast in the ad hoc announcement on December 3, 2018.

Due to the recent recommendation of the "IFRS Interpretations Committee" to disclose cryptocurrencies in fixed assets instead of current assets and thus to disclose changes in value not only in equity but also through write-ups/write-downs in the income statement, the Company has decided to change the statement in the ad hoc announcement of December 3, 2018 that profit before tax is expected to exceed EUR 7 million to the effect that profit before tax is now expected to be EUR 2.4 million. The change results from a write-down of EUR 6.1 million on the cryptocurrencies held by the Company as of December 31, 2018, in accordance with the latest IFRS recommendations. Without the application of this accounting recommendation, the profit before tax would have been EUR 8.6 million and, at EUR 1.6 million, significantly higher than the forecast of EUR 7 million of December 3, 2018. Provided that the current exchange rates on the crypto market, which are significantly higher than those on December 31, 2018, remain stable or continue to rise, this would result in a significantly profit-increasing write-up as of June 30, 2019, and would also increase equity accordingly.

Although the management believes that the IFRS recommendation does not make sense for the company and that changes in the value of cryptocurrency holdings, as in previous years, should only be shown in equity and not in the income statement, the company will apply the recommendations of the IFRS Interpretations Committee for the 2018 annual financial statements and future annual financial statements.

The amortization has no effect on the profit from ordinary activities before interest, taxes, depreciation and amortization (EBITDA), which remains very positive at EUR 8.6 million. This also results from the fact that before the recommendation of the IFRS Interpretations Committee, EBT (earnings before taxes) almost corresponded to EBITDA and differed only relatively slightly from EBITDA by TEUR 18 in 2017 and by TEUR 17 in 2016.

Since the cryptocurrencies held by the Company are still held only to hedge potential financial losses and not for speculative reasons, the Company will in future communicate EBITDA, which has been used as an internal indicator for years, to the capital market as the most important variable, as this best describes the Company's development from the Company's point of view.​

Contact:
Bitcoin Group SE
Marco Bodewein
D-Nordstrasse 14
32051 Herford
mail: [email protected]
phone: +49.5221.69435.20
fax: +49.5221.69435.25
website: www.bitcoingroup.com

Investor Relations contact:
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
phone.: +49.89.1250903.30
mail: [email protected]
website: www.crossalliance.com


17-May-2019 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: 813135

 
End of Announcement DGAP News Service

813135  17-May-2019 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=813135&application_name=news&site_id=boersengefluester_html


Die wichtigsten Finanzdaten auf einen Blick
  2015 2016 2017 2018 2019 2020 2021e
Umsatzerlöse1 0,78 1,13 12,65 11,33 6,30 15,03 24,00
EBITDA1,2 -0,05 -0,10 10,91 8,66 2,59 10,55 16,00
EBITDA-Marge3 -6,41 -8,85 86,25 76,43 41,11 70,19 66,67
EBIT1,4 -0,06 -0,11 10,89 2,43 3,24 13,54 20,00
EBIT-Marge5 -7,69 -9,73 86,09 21,45 51,43 90,09 83,33
Jahresüberschuss1 -0,02 0,11 7,45 1,55 2,15 9,52 15,00
Netto-Marge6 -2,56 9,73 58,89 13,68 34,13 63,34 62,50
Cashflow1,7 -0,41 0,29 6,69 -1,11 -0,36 7,41 22,00
Ergebnis je Aktie8 0,00 0,02 1,49 0,31 0,43 1,90 3,00
Dividende8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2020 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: GAR

INVESTOR-INFORMATIONEN
©boersengefluester.de
Bitcoin Group
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A1TNV9 35,600 Kaufen 178,00
KGV 2022e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
9,89 30,62 0,33 33,81
KBV KCV KUV EV/EBITDA
2,22 24,03 11,84 7,20
Dividende '19 in € Dividende '20e in € Div.-Rendite '20e
in %
Hauptversammlung
0,00 0,00 0,00 16.07.2021
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
30.09.2021 14.06.2021
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-10,81% -23,54% -50,35% 27,14%
    
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu Bitcoin Group SE  ISIN: DE000A1TNV91 können Sie bei DGAP abrufen

FinTech , A1TNV9 , ADE , XETR:ADE