Bitcoin Group's Board Member, Per Hlawatschek, Steps Down from Position
Frankfurt-Based Bitcoin Group Announces Board Member Departure and Revenue Growth
The Bitcoin Group, headquartered in Herford, has announced that Per Hlawatschek, currently serving as Chief Information Officer (CIO) and a member of the management board, will be stepping down from his position. Hlawatschek's responsibilities will be reassigned to existing management members, resulting in a reduced board size.
In related news, Moritz Eckert assumed the role of CEO of Bitcoin Group SE, effective January 31, 2025.Eckert previously held the position of board member for market development at subsidiary Futurum Bank. Concurrently, Anton Langbroek took over as the new board member of Futurum Bank, focusing on operational leadership, as of February 1.
For the past fiscal year, preliminary figures reveal a 20% increase in revenue to 9.3 million euros, although a stable revenue was initially forecasted. The earnings before interest, taxes, depreciation, and amortization (EBITDA) amounted to around 1.7 million euros, marking an improvement compared to a loss of 1.8 million euros in the previous year. The company concluded the year with approximately 1.07 million customers.
The Bitcoin Group retains significant holdings of Bitcoin and Ethereum, with a current market value of approximately 400 million euros. Despite this, the stock price remains at 40.78 euros, resulting in a market capitalization of 204 million euros.
While the Bitcoin Group does not publicly disclose its board history prior to recent updates, the current board as of the latest records consists of:- Moritz Sebastian Eckert (CEO)- Oliver Flaskämper (Director/Board Member)- Rainer Hofmann (Director/Board Member)- Alexander Müller (Chairman)
For more detailed information about the board changes and financial results for the years 2021 and 2022, consultation of Bitcoin Group SE’s official annual reports or regulatory disclosures from those periods is advised.
The Bitcoin Group's focus on technological advancement could potentially expand their business operations, given the significant holdings of Bitcoin and Ethereum in their portfolio. In light of Per Hlawatschek's departure, finance functions may be further integrated within business strategies, as the reassignment of his responsibilities takes effect.
