PRESS RELEASE: Bitcoin Group SE publishes Half-Year Report 2020 – dynamic growth despite challenging environment

30.09.2020 – 07:30 | Quelle: Dow Jones Newsw… | Lesedauer etwa 6 min. | Text vorlesen Stop Pause Fortsetzen

DGAP-News: Bitcoin Group SE / Key word(s): Half Year Results
Bitcoin Group SE publishes Half-Year Report 2020 – dynamic growth despite
challenging environment

2020-09-30 / 07:30
The issuer is solely responsible for the content of this announcement.

*Bitcoin Group SE publishes Half-Year Report 2020 – dynamic growth despite
challenging environment*

*- Sales increased sharply by more than 153 percent* *to TEUR 6,228*

*- EBITDA more than tripled to TEUR 4,177 (previous year: TEUR 1,231)*

– *Management confirms all forecasts *

Herford, September 30, 2020 – Bitcoin Group SE (ISIN DE000A1TNV91 [1]) today
presented figures for the first half-year 2020. The Group recorded
significant growth, despite a challenging environment due to the coronavirus
pandemic. Sales amounted to TEUR 6,228 compared to TEUR 2,455 in the first
half of 2019. At the same time, Bitcoin Group SE recorded a significant
increase in earnings before interest, taxes, depreciation and amortization
(EBITDA) by 239 percent from TEUR 1,231 in the first half of the previous
year to TEUR 4,177 thousand in the first half of 2020. Earnings before
interest and taxes (EBIT) improved from TEUR 4,228 in the first half of 2019
to TEUR 5,042 at the end of June 2020. Consequently, earnings per share
increased significantly to EUR 0.70 in the first six months of 2020 compared
to EUR 0.57 in the first half of the previous year. This corresponds to a
growth of 22.8 percent

Over the entire reporting period Bitcoin.de [2], the cryptocurrency trading
platform operated by the wholly owned subsidiary Bitcoin Deutschland AG,
recorded strong customer interest. The number of users grew from 840,000 at
the end of 2019 to 884,000 in the first half of 2020, with an average of
7,333 new customers per month deciding to use the extensive services of
Bitcoin.de [2]. After a transitional weak phase in the share price at the
peak of the lockdown due to coronavirus, however, Bitcoin recovered
significantly in the course of the period under review. At EUR 8,142.56 at
the end of the first half of 2020, the Bitcoin share price was significantly
higher than the 2019 year-end price of EUR 6,516.03 and roughly at the
pre-crisis level. Both the positive developments of major cryptocurrencies
and the success in acquiring new customers ensured increased trading volumes
on Bitcoin.de [2] and an overall successful first half of 2020 of Bitcoin
Group SE.

The Company continues to work with full commitment on the diversification of
its business model. This includes the resolution adopted after the reporting
period to merge Bitcoin Deutschland AG with futurum bank AG in order to
increase the value of the Company. This integration measure will enable
Bitcoin Group SE to strengthen the Group’s offering as a cryptocurrency
trading platform and depository and to offer its customers an even better
service from a single unit. The aim is to make the crypto marketplace
accessible to institutional and corporate customers in the future. In this
way, Bitcoin Group SE opens up new sales potentials and customer base.

“The business development in the first half of 2020 makes us satisfied and
optimistic. Satisfied above all, because we have shown that we can and will
stand by our strategy even under challenging market conditions. The steady
increase in the number of users underlines the reliability and
attractiveness of our service portfolio, which we are now opening up to
institutional investors. We are expanding our position step by step – on
behalf of our customers and shareholders,” says Marco Bodewein, Managing
Director of Bitcoin Group SE.

The Management confirms the forecasts made for the full year 2020. With
regard to the positive development in the acquisition of new customers, the
company expects a total of 900,000 registered users for the entire year.
Sales and earnings before interest, taxes, depreciation and amortization
(EBITDA) are expected to remain constant or increase strongly.

The English version of the half-year report 2020 will be available in
October 2020. The German version of the half-year report 2020 can be
downloaded as a PDF document from bitcoingroup.com [3] in the Investor
Relation 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 Bitcoin Deutschland
AG, which operates Germany’s only regulated marketplace for the digital
currency Bitcoin, Bitcoin Cash, Bitcoin Gold and Ethereum 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 (ticker symbol: ADE, ISIN:
DE000A1TNV91, GSIN: A1TNV9). More information on Bitcoin Group SE can be
found at www.bitcoingroup.com. [4]

*About Bitcoin.de:*
Bitcoin.de is a licensed Bitcoin marketplace in Germany and Europe’s largest
Bitcoin marketplace with more than 880,000 customers. After more than 8
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, on the other hand, 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 October 08 2019). 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) and Bitcoin Satoshi Vision (BSV) can be traded against Euro.

*Contact:*
Bitcoin Group SE
Marco Bodewein
Nordstraße 14
32051 Herford
mail: ir2020@bitcoingroup.com
phone: +49.5221.69435.20
fax: +49.5221.69435.25
website: www.bitcoingroup.com [5]

*Investor Relations contact:*
CROSS ALLIANCE communication GmbH
Jens Jüttner
phone: +49.89.1250903-30
mail: jj@crossalliance.de
website: www.crossalliance.de [6]

2020-09-30 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.
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: ir2020@bitcoingroup.com
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: 1137648

End of News DGAP News Service

1137648 2020-09-30

1: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=1f775d5eb3a2ef91c865ccff22d8ed4a&application_id=1137648&site_id=vwd&application_name=news
2: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=0aee81f40059fc15f51b0a59b454d72e&application_id=1137648&site_id=vwd&application_name=news
3: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=b83414bad8c4271ea275ef7e3c8cd223&application_id=1137648&site_id=vwd&application_name=news
4: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=b786f52d1bbd13d096bb72a797dfa372&application_id=1137648&site_id=vwd&application_name=news
5: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=603a1c2378a8b18e27dc1234091ca26e&application_id=1137648&site_id=vwd&application_name=news
6: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=4f159fd970f5638d53076b494c607d01&application_id=1137648&site_id=vwd&application_name=news

(END) Dow Jones Newswires

September 30, 2020 01:30 ET ( 05:30 GMT)

Leave a Reply

Your email address will not be published. Required fields are marked *