Germany · Delayed Price · Currency is EUR Bike24 Holding AG Earnings Call Transcripts
Fiscal Year 2025
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Revenue grew 28% to EUR 289.1 million in 2025, with Adjusted EBITDA up 172.7% to EUR 14.5 million and strong gains in customer base and operational efficiency. 2026 guidance targets further revenue and margin growth, with two new localized markets planned.
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Q3 2025 saw record revenue growth of nearly 32% and a 6.4% adjusted EBITDA margin, driven by strong performance in core and localized European markets. Full-year guidance for revenue and EBITDA was confirmed, with continued double-digit growth expected despite a challenging market.
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Record Q2 revenue and adjusted EBITDA margin were achieved, with strong growth across all core markets and segments. Inventory and cost discipline, along with SAP-driven process improvements, supported profitability. Guidance for 2025 remains at the upper end, with double-digit growth expected.
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Q1 2025 saw 18% revenue growth and a 1% adjusted EBITDA margin, with strong gains in all core and new markets, especially DACH and newly localized Finland and Poland. Inventory and working capital reductions improved cash flow, and guidance for 2025 was confirmed at the upper end of the range.
Fiscal Year 2024
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Q4 saw 7% revenue growth and a 3.2% Adjusted EBITDA margin, with all core markets expanding despite a 10% market decline in Germany. 2025 guidance targets 3–7% sales growth and €7–12.1M Adjusted EBITDA, with PAC as the main growth driver.
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Q3 2024 saw 3% revenue growth and a 4% adjusted EBITDA margin, driven by improved gross margins, cost discipline, and strong regional performance. Inventory was reduced by 21%, and full-year guidance was confirmed, with double-digit Q4 growth expected.
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Q2 2024 saw a 4.2% adjusted EBITDA margin and 1.5% revenue growth, led by strong DACH and Benelux performance and robust full-bike sales. Profitability improved through cost discipline and margin gains, with guidance for 2024 reaffirmed and further debt reduction planned.