|
EQS-News: BIKE24 Holding AG
/ Key word(s): Expansion/Strategic Company Decision
BIKE24: First order shipped from new Southern European logistics center in Barcelona
Dresden, December 20, 2022 - Before the end of the year, BIKE24's new logistics center in Barcelona has started its pilot phase and has shipped its first test packages. Thus, the second logistics center of the leading e-commerce platform for everything around cycling starts on schedule. The new center will provide BIKE24 with medium-term capacity for an annual sales volume of up to EUR 180 million in addition to the logistics center at the company's headquarters in Dresden. Cycling enthusiasts throughout Southern Europe can then be serviced from Barcelona at favorable conditions and faster speed. "Before the end of the year, we achieved the next major milestone of our international expansion strategy," says Andrés Martin-Birner, founder and CEO of BIKE24. "With the logistics center in Barcelona, we have created the foundations for further strong growth in the Southern European markets." In Spain, where BIKE24 has already been operating a localized online shop since 2020, as well as in France and Italy, which followed earlier this year, the company recorded strong sales increases. Sales in these markets increased by an average of 209 percent in the third quarter of 2022. "Our success in Southern Europe shows that our product portfolio is perfectly tailored to our core target group, the cycling enthusiast, in these countries," explains Timm Armbrust, CFO of BIKE24. "Thanks to the new logistics center, we can now also ship the products to our Southern European customers quicker and at reasonable costs." While the first packages already left the new logistics center as part of a pilot, the local team is working hard to finalize the set-up of the AutoStore-system, which is already providing excellent services at the company's headquarters in Dresden. The fully automated warehousing system has more than 90,000 containers that are moved by 50 robots. At the same time, the internationalization team is already preparing the next market launches: Customers in the Netherlands, Belgium and Luxembourg will soon be able to shop in localized BIKE24 online shops. The Netherlands in particular, as a cycling nation par excellence, promises a lot of potential to drive BIKE24's further growth.
Further information and press material can be found here: Website – Facebook – Instagram – Twitter – YouTube
Press contact:
Investor Relations & financial communications:
About BIKE24 BIKE24 is one of continental Europe's leading e-commerce cycling platforms. The online retailer with a focus on the premium segment is the central contact point for the fast-growing community of cycling enthusiasts and thus promotes green mobility. Founded in Dresden in 2002 by CEO Andrés Martin-Birner, Falk Herrmann and Lars Witt, responsible for Legal & Own Brands, the company has quickly developed into one of continental Europe's leading cycling companies as well as a globally active online retailer in this fast-growing market. The online shop offers customers 77,000 products from more than 800 brands. This gives BIKE24 the widest range of branded products in the sector in continental Europe. The online bike platform is already present with five local web shops in Germany (bike24.de), Austria (bike24.at), Spain (bike24.es), France (bike24.fr) and Italy (bike24.it) in continental Europe. In addition, the international shop (bike24.com) serves customers all over the world.
20.12.2022 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| Language: | English |
| Company: | BIKE24 Holding AG |
| Breitscheidstr. 40 | |
| 01237 Dresden | |
| Germany | |
| ISIN: | DE000A3CQ7F4 |
| WKN: | A3CQ7F |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1516931 |
| End of News | EQS News Service |
|
|
1516931 20.12.2022 CET/CEST
P R O D U C T S U G G E S T I O N S
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.
