Bitcoin Group SE publishes Half-Year Report 2020

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) 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, 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. 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 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 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.

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

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