Bitcoin Group SE reports extraordinarily successful H1 2021: revenue and profits triple

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DGAP-News: Bitcoin Group SE / Keyword (s): Half-year results / Half-year report
28.09.2021 / 09:30
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Bitcoin Group SE reports extraordinarily successful H1 2021: revenue and profits triple

Herford, September 28, 2021 – Bitcoin Group SE (ISIN DE000A1TNV91) today released 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 show dynamic growth and looks back on an extraordinarily successful first half of 2021.

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

This growth strategy approach also includes the continued expansion of the range of cryptocurrencies offered on Bitcoin.com. In addition to Ripple, the popular Dogecoin currency was also added in the first half of 2021. As a result, a total of eight major cryptocurrencies can be exchanged for euros. Bitcoin.de has been extended by the new trading platform, where clients can now use futurum bank AG as a direct business partner. futurum bank AG offers binding buy and sell rates with an attractive spread for Bitcoin.de customers. Innovative improvements in the offering and usability of the trading platform, combined with the rise in cryptocurrency prices, made it possible to reach the target of one million customers ahead of schedule. Bitcoin.com had already exceeded this target at the end of June 2021.

The performance of the first half of 2021 was very dynamic. Cryptocurrencies continue to meet strong demand from private and institutional investors. In this favorable context, management confirms its forecasts for the full 2021 fiscal year. These forecasts foresee a moderate to strong increase in turnover and earnings before interest, taxes, depreciation and amortization (EBITDA) within the range. lower than double-digit average in millions of euros.

“The dynamic growth of our business in the first half of 2021 represents a great achievement. We transparently continued the strong performance of the previous year and have already surpassed our 2020 results by mid-2021. Considering that we have a relatively small team of 27 people. employees, what we have accomplished cannot be overstated. Together we are working on the continued expansion of our trading platform and firmly believe that Bitcoin.com offers our clients clear added value for reliable and secure cryptocurrency trading. The foundations for new sustainable growth have been laid. This gives us confidence in our continued growth and our ability to meet our targets in fiscal 2021, ”comments Marco Bodewein, CEO of Bitcoin Group SE.

About Bitcoin Group SE:
Bitcoin Group SE is a holding company specializing in innovative and disruptive business models and technologies in the areas of cryptocurrency and blockchain. Bitcoin Group SE owns 100% of the shares of futurum bank AG, which operates Germany’s only regulated market for digital currency Bitcoin, Bitcoin Cash, Bitcoin Gold, Ethereum, Litecoin, Dogecoin, Bitcoin Satoshi Vision and Ripple under Bitcoin.de, and 50% of the shares of Sineus Financial Services GmbH, a financial services provider supervised by BaFin.

Bitcoin Group SE is listed on the Düsseldorf Stock Exchange Primary Market and all other German exchanges and XETRA (ticker symbol: ADE, ISIN: DE000A1TNV91, GSIN: A1TNV9). You can find more information about Bitcoin Group SE at bitcoingroup.com.

About Bitcoin.de:
Bitcoin.de is a marketplace for licensed crypto assets in Germany and, with over 1,000,000 customers, is also one of the largest crypto marketplaces in Europe. After nearly 10 years in business, Bitcoin.de has a reputation as one of the most secure Bitcoin marketplaces in the world. Since users do not transfer Euros to a trust account but easily pay from their bank account, Euros used for trading are even backed by deposits. The cryptocurrencies managed by Bitcoin.de are 98% held in secure cold wallets. Bitcoin.de is the first and only Bitcoin trading platform in the world to have its clients’ credit balances audited once a year by a German publicly appointed auditing company (last audit as of November 16, 2020). The unique integration with a Bank Fidor bank account via express trading allows trading to be carried out as quickly as on the stock market. 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 SE Group
Marco bodewein
Nordstrae 14
32051 Herford
Email: [email protected]
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
Email: [email protected]
Website: www.crossalliance.de

09.28.2021 Distribution of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this advertisement.

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