BIKE24 Holding AG Adjusts Sales Forecast for 2024

In a recent announcement, Bike24 Holding AG has revised its sales forecast for the 2024 financial year while confirming its adjusted EBITDA margin forecast. Despite a positive trend in the third and fourth quarters of 2024, the company acknowledges that the gains were insufficient to offset the weaker performance in the first quarter. Economic activities during Black Friday and Christmas did not meet expectations, affecting overall revenue. Moreover, the timing of Christmas holidays delayed recognition of some year-end sales into the following year.

As a result, Bike24 now anticipates a revenue growth range from -0.6% to +0.3% for 2024, contrasting with its previous forecast of +1% to +5%. The adjusted EBITDA margin is expected to remain between +0.7% and +4.2%. These projections are based on preliminary results and reflect certain underlying market volatilities and uncertainties.