German Cycling Federation

EQS-News: BIKE24 continues growth path in fiscal year 2022 – international markets and full-bike sales are pillars of success

Retrieved on: 
Friday, March 31, 2023

In addition to the international markets, full-bike sales also developed very positively and contributed 13 percent to Group revenue (2021: 10 percent).

Key Points: 
  • In addition to the international markets, full-bike sales also developed very positively and contributed 13 percent to Group revenue (2021: 10 percent).
  • "Despite the depressed consumer sentiment that affected many retailers - online and offline - we were able to achieve a satisfactory result.
  • In particular, the second half of the year brought us another significant increase," reports Andrés Martin-Birner, co-founder and CEO of BIKE24.
  • In total, the e-commerce platform generated sales of EUR 28.3 million in the three countries during 2022, an increase of +163 percent.