BIKE24 Achieves Profitability and Announces Executive Board Changes

BIKE24 Holding AG reported a notable financial turnaround for 2024, with adjusted EBITDA rising from a loss of EUR 3 million in 2023 to a profit of EUR 5 million. The company experienced a 7% increase in fourth-quarter revenue, though overall annual revenue remained stable at EUR 226 million in a difficult market environment. This marks a return to profitability for the European bike and accessories e-commerce platform.

Key strategic expansions included launching localized online platforms in Poland and Finland. The company's efforts have translated into improved gross margins, which rose by approximately 3 percentage points to over 27% compared to the previous year.

Timm Armbrust, CFO, has announced his departure after nine years, having played a significant role in the firm's growth and strategic financial maneuvers, including a successful IPO in 2021.