Bitcoin Group SE

ADE

Equity

ISIN DE000A1TNV91 / Valor 21320655

Xetra (2024-12-23)

EUR 50.70-0.20%

Bitcoin Group SE
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About company

Bitcoin Group SE is a holding entity concentrated on pioneering the cryptocurrency and blockchain sectors through innovative and disruptive business models and technologies. The company has a significant presence in the digital currency landscape, primarily through its full ownership of futurum bank AG. This subsidiary is notable for running Bitcoin.de, a trading platform that facilitates transactions in digital currencies alongside offering traditional securities services. Additionally, Bitcoin Group SE extends its influence in the financial services sector by holding a 50% stake in Sineus Financial Services GmbH, a company under the supervision of BaFin, Germany's financial regulatory authority. This strategic positioning allows Bitcoin Group SE to leverage opportunities within the rapidly evolving digital currency market while also providing regulated financial services, thereby catering to a broad spectrum of financial needs in the digital age.

Summarized from source with an LLMView SourceSector:

Revenue Decline

Bitcoin Group SE reported revenue of EUR 7.8 million for the financial year 2023, down from EUR 8.3 million in the previous year. The decline was primarily due to low trading activity on the Bitcoin.de cryptocurrency trading platform, especially in the first three quarters of 2023.

EBITDA Performance

For the financial year 2023, Bitcoin Group SE's earnings before interest, taxes, depreciation, and amortisation (EBITDA) amounted to EUR -1.8 million, compared to EUR 1.4 million in the previous year. This negative performance was influenced by higher personnel costs due to inflation and one-off costs related to the cancelled acquisition of Bankhaus von der Heydt.

Net Profit Improvement

Bitcoin Group SE achieved a net profit of EUR 1.9 million in 2023, a significant improvement from the net loss of EUR -2.4 million in the previous year. This positive change was mainly due to reversals of impairment losses, resulting in earnings per share of EUR 0.39, up from EUR -0.48 per share in 2022.

Crypto Holdings Surge

As of the 2023 reporting date, Bitcoin Group SE's net crypto holdings increased to EUR 164.8 million, up from EUR 70.8 million at the end of 2022. This substantial rise was driven by the price increase in the crypto market, contributing to a stronger balance sheet with equity rising to EUR 137.9 million.

Dividend Proposal

Bitcoin Group SE plans to distribute a dividend of EUR 0.10 per share, consistent with the previous two years. This proposal will be submitted to the Annual General Meeting on 30 August 2024, reflecting the company's stable financial position despite challenging market conditions.

Summarized from source with an LLMView Source

Key figures

30.7%1Y

22.5%3Y

93.5%5Y

Performance

71.3%1Y

60.4%3Y

66.6%5Y

Volatility