14.06.2021 Bitcoin Group SE  DE000A1TNV91

DGAP-News: Bitcoin Group SE publishes 2020 annual report - earnings per share increase by 342%


 

DGAP-News: Bitcoin Group SE / Key word(s): Annual Report
Bitcoin Group SE publishes 2020 annual report - earnings per share increase by 342%

14.06.2021 / 10:20
The issuer is solely responsible for the content of this announcement.


Bitcoin Group SE publishes 2020 annual report - earnings per share increase by 342%

Herford, June 14, 2021 - Bitcoin Group SE (ISIN DE000A1TNV91) today presented its annual report for the 2020 financial year. Bitcoin Group SE generated revenues of EUR 15.0 million in the 2020 financial year, compared to EUR 6.3 million in 2019. The dynamic increase is primarily based on a strong increase in trading revenues on the cryptocurrency platform Bitcoin.de and, as a result, a significant expansion of commission revenues. Earnings before interest, taxes, depreciation and amortisation (EBITDA) quadrupled to EUR 10.5 million compared to EUR 2.6 million in the previous year. This results in earnings per share of EUR 1.90 on a net level, which corresponds to an increase of 342% compared to the previous year (EUR 0.43 per share).

The financial situation has improved significantly as a result of the strong growth in operations. Cash and cash equivalents as of 31 December 2020 rose sharply by EUR 7.3 million to EUR 12.0 million compared to the previous year. This puts the Bitcoin Group in the comfortable position of being able to operate without bank and capital market financing.

Bitcoin Group SE's strong growth was accompanied by a massive increase in demand for cryptocurrencies in the financial year 2020. Given the turmoil in the financial markets triggered by the Corona pandemic and the multi-billion support programs in the context of historically low interest rates, the demand for crypto-assets has increased significantly among both private and institutional investors. Cryptocurrencies, and in particular bitcoin, have established themselves as an alternative asset class for wealth accumulation and in asset management, and are considered a safe-haven investment as an alternative to gold.

As an example, the price of the cryptocurrency Bitcoin rose from EUR 6,006.60 in January 2020 to EUR 24,052.55 at the end of December 2020 and continued to soar beyond the reporting period. In this environment, the cryptocurrency trading platform Bitcoin.de operated by the subsidiary futurum bank AG enjoyed great popularity, which is reflected in a growing number of new customers. In the reporting year, 79,000 new investors chose Bitcoin.de as their cryptocurrency trading venue of choice, so that Bitcoin.de had around 919,000 registered customers at the end of the year. The forecast of 900,000 customers was thus exceeded. Bitcoin.de now has more than 975,000 customers.

In parallel, Bitcoin Group SE's cryptocurrency holdings reached a new record level in the 2020 financial year. The value of the digital assets held in the company's own portfolio increased by 228.3% to around EUR 90.3 million compared to the level as at 31 December 2019.

Bitcoin Group SE has made a successful start to the 2021 financial year and, despite the mitigated but still present uncertainties due to the infection events, is looking positively to the full year 2021. The Group expects moderate to strong growth in revenues in the current year. Earnings before interest, taxes, depreciation and amortisation (EBITDA) are expected to be in the low to mid double-digit million range.

"We are very satisfied with the development in the past business year, but we are only at the beginning. We have created the structures and continuously developed our technologies and platform during 2020. These are the best prerequisites for continuing to profit from the dynamic spread of cryptocurrencies," says the Managing Director of Bitcoin Group SE, Marco Bodewein.

The English version of the annual report report 2020 will be available by the end of June 2021. The German version of the annual report 2020 can be downloaded as a PDF document from bitcoingroup.com in the Publications section.

About Bitcoin Group SE:
Bitcoin Group SE is a holding company focusing on innovative and disruptive business models and technologies in the areas of Cryptocurrency and Blockchain. Bitcoin Group SE holds 100% of the shares in futurum bank AG, which operates Germany's only regulated marketplace for the digital currency Bitcoin, Bitcoin Cash, Bitcoin Gold, Ethereum, Litecoin and Ripple under Bitcoin.de, and 50% of the shares in Sineus Financial Services GmbH, a financial services provider supervised by BaFin.

Bitcoin Group SE is listed on the Primary Market of Dusseldorf Stock Exchange and on all other German stock exchanges and XETRA (ticker symbol: ADE, ISIN: DE000A1TNV91, GSIN: A1TNV9). More information on Bitcoin Group SE can be found at bitcoingroup.com.

About Bitcoin.de:
Bitcoin.de is a licensed Bitcoin marketplace in Germany and one of Europe's largest Bitcoin marketplaces with more than 975,000 customers. After more than 9 years of operation, Bitcoin.de has the reputation of being one of the most secure Bitcoin marketplaces in the world. Since users do not transfer euros to a trust account but pay conveniently from their bank account, the euros used for trading are even deposit-backed. The cryptocurrencies managed by Bitcoin.de are held 98% in secure cold wallets. Bitcoin.de is the first and only Bitcoin trading platform worldwide to have its customer credit balances audited once a year by a publicly appointed German auditing company (last audit as of November 16, 2020). The unique integration with a bank account of the Fidor Bank via express trading allows trading to be carried out as quickly as on a stock exchange. In addition to Bitcoin, on Bitcoin.de Ether (ETH), Bitcoin Cash (BCH), Bitcoin Gold (BTG), Litecoin (LTC), Bitcoin Satoshi Vision (BSV) and Ripple (XRP) can be traded against Euro.


Contact:
Bitcoin Group SE
Marco Bodewein
Nordstraße 14
32051 Herford
E-Mail: [email protected]
Telefon: +49.5221.69435.20
Telefax: +49.5221.69435.25
Website: www.bitcoingroup.com

Investor Relations Contact:
CROSS ALLIANCE communication GmbH
Jens Jüttner
Tel.: +49.89.1250903-30
E-Mail: [email protected]
Website: www.crossalliance.de



14.06.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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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: 1207298

 
End of News DGAP News Service

1207298  14.06.2021 

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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%
    
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FinTech , A1TNV9 , ADE , XETR:ADE