Brockhaus Technologies AG Projects Continued Profitable Growth Through 2025

Brockhaus Technologies AG (BKHT), based in Frankfurt am Main, has released its financial results for the year 2023, demonstrating substantial revenue and profit increases. The company reported an organic revenue growth of 31% to €186.6 million and a 41% improvement in adjusted pro forma EBITDA to €67.0 million. The adjusted pro forma EBITDA margin reached 35.9%. These results reflect the success and profitability of Brockhaus Technologies' business model, particularly within its Bikeleasing and IHSE segments.

The Bikeleasing segment, part of the financial technologies sector, saw a 28% increase in brokered company bikes to around 151,000 units and expanded its client base to approximately 60,000 corporate customers. This segment alone reported a revenue increase of 37% to €146.2 million. The IHSE segment, focused on security technologies, notably grew its profitability with an adjusted EBITDA margin of 27.4%, particularly benefiting from strong growth in North America.

Looking forward, Brockhaus Technologies has set optimistic revenue and EBITDA targets for 2024 and 2025. For 2024, revenue is expected to range between €220 and €240 million, with adjusted EBITDA projections between €80 and €90 million. The outlook for 2025 anticipates revenue growth to between €290 and €320 million and an EBITDA margin of around 40%.

In addition to financial achievements, the company announced its first dividend payment of €0.22 per share for 2023, reflecting confidence in its profitability and growth projections. With a strong balance sheet, Brockhaus Technologies is positioned to continue its growth trajectory through both organic and inorganic initiatives, capitalizing on the increasing demand for digital and security technologies.