28.08.2017 08:00

DGAP-News: Bitcoin Group SE

DGAP-News: Bitcoin Group SE significantly exceeds expectations with results for H1 2017

DGAP-News: Bitcoin Group SE / Key word(s): Half Year Results
Bitcoin Group SE significantly exceeds expectations with results for H1 2017

28.08.2017 / 08:00
The issuer is solely responsible for the content of this announcement.

Bitcoin Group SE significantly exceeds expectations with results for H1 2017

- Sales more than doubled to EUR 1,770 thousand (previous year: EUR 775 thousand)

- Increase in earnings before taxes of 240% to EUR 1,220 thousand (previous year: EUR 359 thousand)

- Growth momentum expected to increase due to start of trading of additional cryptocurrencies

Herford, August 28, 2017 - Bitcoin Group SE (ISIN DE000A1TNV91) is publishing its report on the first half of 2017 today. The Group significantly exceeded expectations in the first six months of fiscal year 2017. As a result of the rapidly growing trading volume on bitcoin.de - Germany's only regulated Bitcoin marketplace - sales climbed by 128% to EUR 1,770 thousand as against EUR 775 thousand in the same period of the previous year. Overall, the cryptocurrency Bitcoin is recording a dynamic price increase. It is currently trading at more than EUR 3,500.00. During the reporting period, the price for Bitcoins rose from EUR 930.89 to EUR 2,157.07 at the end of June 2017. This strong demand is also reflected in the growing number of customers on bitcoin.de - a wholly owned subsidiary of Bitcoin Group SE. As of the end of June 2017, the Group had welcomed the 430,000th customer to its marketplace. This compared to 356,000 customers as of the beginning of the year. With a growth of more than 12,000 new customers per month, the increase is twice as high as forecasted. The development of earnings was also very satisfactory. Earnings before taxes rose by 240% to EUR 1,220 thousand in the first half of 2017, compared to EUR 359 thousand in the same period of the previous year. All in all, positive earnings before taxes of EUR 819 thousand were generated in the first half of 2017. In the previous year, a loss of EUR 256 thousand had been recorded. The increase in essential key figures is attributable to the dynamic rise in the Bitcoin price and the associated value of the Bitcoin inventories held by the Group. The "available-for-sale assets" item of the statement of financial position amounted to EUR 6,789 thousand or 3,029 Bitcoins as of June 30, 2017. After the end of the reporting period, the inventory value continued to increase due to a further rise in the Bitcoin price and the additionally gained inventories of Bitcoin Cash.

"We are very satisfied with the company's performance in the first half of the year. It shows that a clearly formulated business plan combined with the necessary patience is rewarded. However, we know how to interpret our success and therefore don't intend to rest on our laurels but rather to continue working on the success story of bitcoin.de. This will also include adding other cryptocurrencies such as Ethereum (ETH) onto our trading platform," explains Michael Nowak, Managing Director of Bitcoin Group SE.

As of June 30, 2017, total assets amounted to EUR 12,480 thousand, almost double their level at the end of 2016 of EUR 6,800 thousand. Equity increased by EUR 3,898 thousand to EUR 9,981 thousand as a result of retained earnings (EUR 872 thousand) and other comprehensive income (EUR 4,109 thousand). "With an equity ratio of 79.9%, we as a financial service provider are more soundly financed than any bank. We also have enough liquidity to be able to seize any opportunities that arise in terms of acquisitions," says Michael Nowak.

For the current fiscal year 2017, the management continues to anticipate strong sales growth. The planned start of trading of the cryptocurrency Ethereum (ETH) is expected to contribute an additional increase of between 10% and 20% to total sales in the second half of 2017. Furthermore, the Group is excellently positioned to benefit from the anticipated dynamic growth in the transaction volume following the division of the Bitcoin into Bitcoin and Bitcoin Cash. The split is intended to ensure liquidity in payment transactions, which will ultimately also have a positive influence on user numbers. By the end of fiscal year 2017, the number of registered users on the bitcoin.de platform is expected to have risen above 480,000.

"Customers are discovering Bitcoin and Ethereum not only as a high-yielding investment but also as a genuine alternative to paper currencies. Japan has officially accepted Bitcoin as a payment method, as has India. Russia is also considering legal recognition of Bitcoin and the Russian government recently met with the inventor of Ethereum, Vitalik Buterin. We are observing a dynamic development with regard to the acceptance of and demand for cryptocurrencies. The Bitcoin Group will actively accompany and shape this development, just as the Bitcoin has shaped our company," says Michael Nowak.

As the first step to take account of the company's successful development and the increase in public interest, Bitcoin Group SE aims to move into the Regulated Market in the second half of 2017.

The report on the first half of 2017 is available for download as of now at www.bitcoingroup.com.

About Bitcoin Group SE:
Bitcoin Group SE is an investment company specializing in innovative business concepts and technologies. It focuses on the acquisition, disposal, and administration of equity investments in companies and on the strategic management, control, and coordination of these companies.

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

Bitcoin Group SE
Michael Nowak
Nordstrasse 14
32051 Herford

E-mail: ir2017@bitcoingroup.com
Tel.: +49.5221.69435.20
Fax: +49.5221.69435.25
Website: www.bitcoingroup.com

German Securities Identification Number (GSIN): A1TNV9
Ticker symbol: ADE

Investor Relations contact:
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Tel.: +49 (0)89 89827227
E-mail: sh@crossalliance.com

28.08.2017 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
Phone: +49.5221.69435.20
Fax: +49.5221.69435.25
E-mail: ir2017@bitcoingroup.com
Internet: www.bitcoingroup.com
Listed: Regulated Unofficial Market in Berlin, Dusseldorf (Primärmarkt), Hamburg, Munich, Stuttgart; Open Market in Frankfurt

End of News DGAP News Service

604299  28.08.2017 


Nachrichten zu Bitcoin Group SE

  • Relevant
  • Alle
  • vom Unternehmen
  • Peer Group
  • ?

Um Ihnen die Übersicht über die große Anzahl an Nachrichten, die jeden Tag für ein Unternehmen erscheinen, etwas zu erleichtern, haben wir den Nachrichtenfeed in folgende Kategorien aufgeteilt:

Relevant: Nachrichten von ausgesuchten Quellen, die sich im Speziellen mit diesem Unternehmen befassen

Alle: Alle Nachrichten, die dieses Unternehmen betreffen. Z.B. auch Marktberichte die außerdem auch andere Unternehmen betreffen

vom Unternehmen: Nachrichten und Adhoc-Meldungen, die vom Unternehmen selbst veröffentlicht werden

Peer Group: Nachrichten von Unternehmen, die zur Peer Group gehören

Analysen zu Bitcoin Group SE

  • Alle
  • Buy
  • Hold
  • Sell
  • ?
Keine Analysen gefunden.
mehr Analysen

Meistgelesene Bitcoin Group News

Keine Nachrichten gefunden.
Weitere Bitcoin Group News
Börse Stuttgart Anlegerclub

Payment-Trend: Der Vormarsch von digitalen Zahlungsabwicklern

Im neuen Anlegermagazin lesen Sie, warum vor allem asiatische Unternehmen beim Mobile-Payment eine wichtige Rolle spielen und welche Aktien vom mobilen Bezahlen profitieren könnten.
Anlegermagazin kostenlos erhalten

Bitcoin Group Peer Group News

Keine Nachrichten gefunden.

Heute im Fokus

Asiens Börsen im Plus -- SAP-Rivale Salesforce enttäuscht Anleger mit Gewinnausblick -- Warum Warren Buffett seine Wells Fargo-Aktien aus dem Depot werfen sollte -- HPE, BVB im Fokus

Akzo Nobel und Axalta brechen Fusionsgespräche ab. Uber verschwieg Daten-Diebstahl bei 50 Millionen Kunden. Chefs von adidas und PUMA halten frühere Rivalität für Geschichte. Studie stellt fest: Bitcoin beherrscht nicht den Kryptomarkt.

Die 5 beliebtesten Top-Rankings

Das sind die bestbezahlten Schauspieler 2017
Wer verdiente am meisten?
Die wertvollsten Unternehmen nach Marktkapitalisierung 2017
Welches Unternehmen macht das Rennen?
Erster Job
Wo Absolventen am meisten Geld verdienen
Das sind die größten Privatbanken weltweit
Welche Bank macht 2017 das Rennen?
Die besten Städte für Londoner Banker
Welche Stadt bietet die meisten Vorteile?
mehr Top Rankings


Sind Sie in Bitcoins investiert?

Online Brokerage über finanzen.net

Das Beste aus zwei Welten: Handeln Sie für nur 5 Euro Orderprovision* pro Trade unmittelbar aus der Informationswelt von finanzen.net!
Zur klassischen Ansicht wechseln
Top News
Beliebte Suchen
DAX 30
Euro US-Dollar
Volkswagen (VW) AG Vz.766403
Deutsche Bank AG514000
BYD Co. Ltd.A0M4W9
Daimler AG710000
BP plc (British Petrol)850517
Apple Inc.865985
Sabina Gold & Silver Corp.A0YC9U
ProSiebenSat.1 Media SEPSM777
Infineon AG623100
Tencent Holdings LtdA1138D
Bitcoin Group SEA1TNV9