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    ADE   DE000A1TNV91

BITCOIN GROUP SE

(ADE)
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

PRESS RELEASE: Bitcoin Group SE reports on extraordinarily successful H1 2021: Revenue and earnings triple

09/28/2021 | 03:31am EDT

DGAP-News: Bitcoin Group SE / Key word(s): Half Year Results/Half Year Report Bitcoin Group SE reports on extraordinarily successful H1 2021: Revenue and earnings triple 2021-09-28 / 09:30 The issuer is solely responsible for the content of this announcement.

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Bitcoin Group SE reports on extraordinarily successful H1 2021: Revenue and earnings triple Herford, September 28, 2021 - Bitcoin Group SE (ISIN DE000A1TNV91) has today published its report on the first half of 2021. The company, which operates the cryptocurrency trading platform Bitcoin.de through its wholly owned subsidiary futurum bank AG, continues to report dynamic growth and looks back on an extraordinarily successful first half of 2021.

Bitcoin Group SE generated revenue of EUR 17.7 million (IFRS) compared to EUR 6.2 million in the same period of the previous year. Earnings before interest, tax, depreciation and amortization (EBITDA) more than tripled to EUR 14.4 million compared to EUR 4.2 million in the same period of the previous year. This is equivalent to earnings per share of EUR 2.03, reflecting 190% growth compared to the first half of 2020 (EUR 0.70 per share). This dynamic growth is accompanied by a significant increase in trading turnover on the Bitcoin.de cryptocurrency trading platform and, as a consequence, a marked expansion of commission income. Cash and cash equivalents also expanded in line with this performance, and amounted to EUR 17.6 million as of the end of the reporting period, up 46.7% compared to December 31, 2020 (EUR 12.0 million). This solid capitalization continues to enable Bitcoin Group SE to pursue its growth strategy in a targeted and flexible manner.

This growth strategy approach also includes the continuous expansion of the range of cryptocurrencies offered on Bitcoin.com. In addition to Ripple, the highly regarded currency Dogecoin was also added in the first half of 2021. As a consequence, a total of eight major cryptocurrencies can be traded in exchange for euros. Bitcoin.de has been expanded further by the newly launched trading platform, where customers can now utilize futurum bank AG as a direct trading partner. futurum bank AG provides binding buy and sell rates with an attractive spread for Bitcoin.de customers. Innovative enhancements to the offering and usability of the trading platform, combined with rising cryptocurrency prices, ensured that the target of one million customers was reached ahead of schedule. Bitcoin.com had already exceeded this target by the end of June 2021.

Performance in the first half of 2021 was highly dynamic. Cryptocurrencies are continuing to encounter strong demand from both private and institutional investors. Given this positive environment, the management is confirming its guidance for the full 2021 financial year. This guidance envisages a moderate to strong increase both in revenue and in earnings before interest, tax, depreciation and amortization (EBITDA) in the lower to mid double-digit range in millions of euros.

"The dynamic growth of our company in the first half of 2021 represents a great achievement. We seamlessly continued the previous year's strong performance, and already exceeded our full year 2020 results by mid-2021. Considering that we have a comparatively small team of 27 employees, what we have achieved cannot be overestimated. Together we are working on the continuous expansion of our trading platform, and are firmly convinced that Bitcoin.com offers our customers clear added value for trustworthy and secure cryptocurrency trading. The foundation for further sustainable growth has been laid. This makes us confident about further growth and our ability to achieve our targets in the 2021 financial year," comments Marco Bodewein, CEO of Bitcoin Group SE. 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, Dogecoin, Bitcoin Satoshi Vision 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 marketplace for crypto assets licensed in Germany and, with more than 1,000,000 customers, is also one of Europe's largest crypto marketplaces. After almost 10 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), Dogecoin (DOGE) and Ripple (XRP) can be traded against euro.

Contact: Bitcoin Group SE Marco Bodewein Nordstrasse 14 32051 Herford E-Mail: ir2021@bitcoingroup.com Tel.: +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: jj@crossalliance.de Website: www.crossalliance.de

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2021-09-28 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

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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:       ir2021@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:  1236273 
 
End of News   DGAP News Service 
=------------ 

1236273 2021-09-28

Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1236273&application_name=news

(END) Dow Jones Newswires

September 28, 2021 03:30 ET (07:30 GMT)

Stocks mentioned in the article
ChangeLast1st jan.
BITCOIN (BTC/EUR) 1.02% 53893 Real-time Quote.124.22%
BITCOIN (BTC/USD) 1.36% 62737 Real-time Quote.113.61%
BITCOIN GROUP SE 6.84% 50 Delayed Quote.-30.27%
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Financials
Sales 2020 15,0 M 17,5 M 17,5 M
Net income 2020 9,52 M 11,1 M 11,1 M
Net cash 2020 11,7 M 13,6 M 13,6 M
P/E ratio 2020 37,7x
Yield 2020 -
Capitalization 250 M 290 M 290 M
EV / Sales 2019 19,2x
EV / Sales 2020 23,1x
Nbr of Employees 27
Free-Float 25,0%
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Managers and Directors
Michael Nowak Co-Managing Director
Marco Bodewein Co-Managing Director
Martin Rubensdörffer Chairman
Hlawatschek Per Chief Information Officer
Rainer Hofmann Director
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