Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Germany
  4. Xetra
  5. AUTO1 Group SE
  6. News
  7. Summary
    AG1   DE000A2LQ884

AUTO1 GROUP SE

(AG1)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

AUTO1 : Bike24 opens slightly above offer price in stock market debut

06/25/2021 | 03:16am EDT

BERLIN, June 25 (Reuters) - Shares in German online bicycle dealership Bike24 opened 2% above its offer price in its stock market debut on Friday.

Bike24 opened at 15.3 euros ($18.26) per share, compared to its offer price of 15 euros apiece, valuing the Dresden-based company at more than 670 million euros.

The COVID-19 pandemic has prompted a cycling boom, with many people buying bikes to exercise or to avoid the risk of infection on buses or trains.

The company has achieved growth rates averaging 30% in recent years and last year posted earnings before interest and tax of 10 million euros in 2020 on revenues of 199 million.

It is the latest in a flurry of retail IPOs, with fashion e-tailer About You listing earlier this month, following on from online used car deal Auto 1 earlier this year. Online eyewear retailer Mister Spex also plans to float early next month.

Bike24 intends to use the proceeds to expand its infrastructure domestically and abroad and to refinance existing bank liabilities.

Investment banks Berenberg and JP Morgan are advising on the initial public offering for Bike24.

($1 = 0.8377 euros) (Writing by Caroline Copley Editing by Riham Alkousaa)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AUTO1 GROUP SE 0.84% 31.26 Delayed Quote.0.00%
BIKE24 HOLDING AG -1.91% 23.58 Delayed Quote.0.00%
All news about AUTO1 GROUP SE
09/15AUTO1 : RBC reaffirms its Buy rating
MD
09/15Babbel opens Germany's autumn IPOs with $1.5 bln valuation target
RE
09/14AUTO1 GROUP SE : Release according to Article 40, Section 1 of the WpHG [the Ger..
DJ
09/10AUTO1 GROUP SE : Autohero opens first in-house Production Center in Germany
EQ
09/10PRESS RELEASE : AUTO1 Group SE: Autohero opens first in-house Production Center ..
DJ
09/10AUTO1 Group SE Announces Autohero Opens First In-House Production Center in G..
CI
09/09AUTO1 GROUP SE : Release according to Article 40, Section 1 of the WpHG [the Ger..
DJ
09/07AUTO1 : RBC reiterates its Buy rating
MD
08/30AUTO1 : Founder Makes Investment in Spain's QEV Tech
MT
08/30INZILE : Hakan Koc invests in QEV Tech Holdings
AQ
More news
Analyst Recommendations on AUTO1 GROUP SE
More recommendations
Financials
Sales 2021 4 318 M 5 093 M 5 093 M
Net income 2021 -262 M -309 M -309 M
Net cash 2021 422 M 498 M 498 M
P/E ratio 2021 -22,2x
Yield 2021 -
Capitalization 6 476 M 7 653 M 7 639 M
EV / Sales 2021 1,40x
EV / Sales 2022 1,05x
Nbr of Employees 4 111
Free-Float 45,5%
Chart AUTO1 GROUP SE
Duration : Period :
AUTO1 Group SE Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends AUTO1 GROUP SE
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 10
Last Close Price 31,00 €
Average target price 55,30 €
Spread / Average Target 78,4%
EPS Revisions
Managers and Directors
Christian David Karl Bertermann Chief Executive Officer
Markus Boser Chief Financial Officer
Gerhard Cromme Chairman-Supervisory Board
Gerd A. Häusler Member-Supervisory Board
Hakan Koç Member-Supervisory Board
Sector and Competitors
1st jan.Capi. (M$)
AUTO1 GROUP SE0.00%7 653
ADYEN N.V.41.55%97 046
FIDELITY NATIONAL INFORMATION SERVICES, INC.-11.57%77 273
WORLDLINE-13.38%22 711
BROADRIDGE FINANCIAL SOLUTIONS, INC.10.75%19 708
LUFAX HOLDING LTD-45.77%18 960