Brockhaus Technologies AG Reports Robust Growth in H1 2024

Brockhaus Technologies AG has demonstrated strong growth in the first half of 2024, maintaining its forecast for the year. The technology group's revenue surged by 29.7% year-on-year, reaching €109.0 million. Adjusted EBITDA also saw a significant increase of 31.0%, amounting to €37.8 million. An adjusted EBITDA margin of 34.6% was achieved despite higher operational costs.

Bikeleasing continued its dynamic growth, with its revenue climbing by 42.8% to €94.7 million and a notable rise in new corporate customers to 67,000. The segment rebranded to HR Benefit & Mobility Platform after acquiring Probonio, aiming to diversify its employee benefits offerings.

IHSE, the Security Technologies segment, expects revenue growth in the latter half of the year due to a high order backlog of €11.5 million as of July's end. Despite economic uncertainties, the group anticipates annual revenue between €220 million and €240 million, with an adjusted EBITDA of €80 million to €90 million.