Bitcoin Group SE announces preliminary results for 2017 - Revenue and earnings forecast significantly exceeded

  • Trading volume on increases to EUR 1.2 billion (previous year: EUR85 million)
  • Sales growth of more than 1,000% to EUR 12.6 million (previous year: EUR 1.1million)
  • Record in earnings before taxes of EUR 10.8 million (previous year: EUR0.2million)
  • Increase in the number of customers to more than 665,000 (previous year: 356,000)

Herford, February 7, 2018 - Bitcoin Group SE today announced its preliminary resultsfor the year 2017 and continued its growth path with a record in sales and earnings. In2017, the volume of cryptocurrencies traded on the trading platform, which isoperated by the wholly-owned subsidiary Bitcoin Deutschland AG, was EUR 1.2 billion,well above the forecast figure of EUR 1 billion. For Bitcoin Group SE, this resulted in ayear-on-year increase in sales of around 1,160% to EUR12.6 million and earningsbefore taxes of EUR 10.8 million, compared to EUR 0.2 million in the previous year.The number of customers on increased to more than 665,000 in 2017, afterthe originally planned 480,000.

The financial figures in this announcement are based on the provisional and unauditedsingle-entity financial statements prepared in accordance with the German CommercialCode (HGB), which also have to be converted into the International Financial ReportingStandards (IFRS) and may therefore change.