Brockhaus Technologies Q1 2024: Remarkable Revenue & Earnings Growth, Steady Forecast

• Brockhaus Technologies AG reported significant revenue and earnings growth in the first quarter of 2024, with revenue increasing by 18.5% to €39.6 million and adjusted EBITDA rising by 18.0% to €11.4 million.
• The company's Bikeleasing segment continued to grow, with revenue increasing by 28.7% and the number of corporate customers connected to the digital platform reaching 62,000, a 32.4% increase over the last 12 months.
• The company's net debt was significantly reduced to 0.65x adjusted pro forma EBITDA.
• The forecast for 2024 remains unchanged, with expected revenue of €220 million to €240 million and adjusted EBITDA of €80 million to €90 million.
• As of March 31, 2024, the company had high cash and cash equivalents of €56.0 million, which can be used for future growth financing and acquisitions, as well as for further repayment of acquisition loans.
• The company's Security Technologies segment (IHSE) recorded a decrease in revenue of 12.5% to €7.3 million in the first quarter of 2024, but expects a strong upward trend for the rest of the year.

The price of Brockhaus Technologies at the time of the news was 22,650EUR and did not change compared to the previous day.
18 minutes after the article was published, the price was 22,750EUR this corresponds to a plus of +0,44 % since publication.

Brockhaus Technologies

-2,36 %

+10,49 %

+22,88 %

+23,17 %

+27,86 %

+15,98 %

-21,03 %

ISIN:DE000A2GSU42WKN:A2GSU4

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