Bitcoin Group SE announces preliminary results for 2017 - Revenue and earnings forecast significantly exceeded
- Trading volume on Bitcoin.de increases to EUR 1.2 billion (previous year: EUR 85 million)
- Sales growth of more than 1,000% to EUR 12.6 million (previous year: EUR 1.1 million)
- Record in earnings before taxes of EUR 10.8 million (previous year: EUR 0.2 million)
- 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 results for the year 2017 and continued its growth path with a record in sales and earnings. In 2017, the volume of cryptocurrencies traded on the trading platform Bitcoin.de, which is operated 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 a year-on-year increase in sales of around 1,160% to EUR 12.6 million and earnings before taxes of EUR 10.8 million, compared to EUR 0.2 million in the previous year. The number of customers on Bitcoin.de increased to more than 665,000 in 2017, after the originally planned 480,000.
The financial figures in this announcement are based on the provisional and unaudited single-entity financial statements prepared in accordance with the German Commercial Code (HGB), which also have to be converted into the International Financial Reporting Standards (IFRS) and may therefore change.