Bitcoin Group SE expects earnings before tax of at least 8 million euros for 2017
- Trading volume on Bitcoin.de rises significantly above 1 billion euros (previous year: 85 million euros)
- Sales forecast for 2017 of at least 10 million euros (previous year: 1 million euros)
- Earnings before tax of at least 8 million euros (previous year: 0.2 million euros)
- Increase in number of customers to more than 645,000 (previous year: 356,000)
Herford, December 21, 2017 – Bitcoin Group SE (ISIN: DE000A1TNV91) confirms the outlook of a strong increase in sales in the current financial year as announced in the half-year report 2017 and publishes a concrete sales and earnings forecast for 2017. This reflects the massive increase in the number of customers on bitcoin.de, Germany's only marketplace for cryptocurrencies and a 100% subsidiary of Bitcoin Group SE. After Bitcoin Group SE could announce an increase in the number of users to 570,000 on December 4, 2017, which exceeded expectations by 30%, the Group recorded a further increase to more than 645,000 customers until mid-December 2017. The original plan provided for 480,000 customers by the end of the year.
As already envisaged in the half-year report, the earnings situation is increasing due to the high dynamics of new customer acquisition. On the basis of preliminary figures, Bitcoin Group SE expects a trading volume with cryptocurrencies on Bitcoin.de of well over 1 billion euros for the year 2017. This results in expected consolidated sales of at least 10 million euros and earnings before taxes of at least 8 million euros at Bitcoin Group. “Of course, we are convinced of our business model and corporate philosophy. However, we did not consider it possible to achieve such strong growth in 2017 as a whole. The development shows that cryptocurrencies have come to stay and the Bitcoin Group SE with them," says Michael Nowak, CEO of Bitcoin Group SE.