Bike24 Holding AG Surpasses 2025 Forecasts with Robust Revenue and EBITDA Growth

Bike24 Holding AG, the German e‑commerce platform specialising in cycling apparel and accessories, released preliminary financial results for the 2025 fiscal year that exceeded the company’s own guidance. The figures were disclosed on 5 February 2026 under Article 17 of Regulation (EU) No 596/2014, confirming the company’s trajectory towards stronger profitability and market penetration.

Revenue Outlook Surpassed

  • Preliminary revenue: €289.1 million
  • Forecast range: €278 million – €288 million

The 0.9 million‑euro lift represents a 3.1 % increase over the upper bound of the projected range, underscoring sustained demand for Bike24’s product portfolio. The company’s diversified catalog—including e‑bikes, high‑performance apparel, and accessories—has proven resilient amid a competitive European market.

Adjusted EBITDA Exceeds Guidance

  • Preliminary adjusted EBITDA: €14.5 million
  • Forecast range: €12.5 million – €13.5 million

This 10 % improvement over the top end of the previous estimate signals effective cost management and scale efficiencies. The EBITDA margin, therefore, has strengthened, reflecting higher contribution from core product lines and a more efficient logistics network.

Market Context and Share Price Response

  • Current share price (2026‑02‑03): €3.02
  • 52‑week high: €3.64 (30 Oct 2025)
  • 52‑week low: €0.95 (4 Mar 2025)
  • Market capitalisation: €133.8 million

The positive earnings beat has buoyed investor sentiment, positioning Bike24 closer to its 52‑week high. Analysts note that the company’s ability to deliver results above forecast may justify a reassessment of its valuation multiples, particularly as it continues to expand its customer base across Germany and potentially into other European markets.

Forward‑Looking Implications

  1. Revenue Growth Strategy: The excess in sales indicates successful penetration of higher‑margin segments such as e‑bikes and premium apparel, suggesting that the company can sustain growth by deepening its product mix.

  2. Operational Efficiency: The elevated EBITDA points to ongoing optimisation of supply‑chain and fulfilment operations, a trend likely to persist as Bike24 scales its logistics infrastructure.

  3. Market Positioning: Exceeding forecasts strengthens the company’s competitive stance against both niche cycling retailers and larger e‑commerce conglomerates, potentially enhancing brand equity and customer loyalty.

  4. Capital Allocation: With robust cash flows, Bike24 may consider reinvestment in technology, marketing, or geographic expansion, further reinforcing its growth trajectory.

Conclusion

Bike24 Holding AG’s preliminary 2025 results, surpassing both revenue and adjusted EBITDA forecasts, signal a resilient business model and an effective execution strategy. The company’s performance aligns with its long‑term vision of becoming the leading online destination for cycling enthusiasts, positioning it favourably for continued market expansion and shareholder value creation.