Brockhaus Technologies AG Shows Growth and Confirms 2024 Forecast

Brockhaus Technologies AG reported significant growth for the first nine months of 2024, with revenues increasing by 23% to €175.3 million and adjusted EBITDA rising by 25% to €68.0 million. Free cash flow before taxes surged by 60% to €26.2 million, and adjusted earnings per share improved by 12% to €1.42.

Bikeleasing contributed with a revenue boost of 34% and adjusted EBITDA 27% higher than the previous year. Meanwhile, IHSE reported a strong Q3, maintaining a high order backlog level. The net debt of the group decreased significantly, enhancing financial stability.

The company reaffirmed its forecast for 2024, expecting revenues between €220 million and €240 million and adjusted EBITDA of €80 million to €90 million. This strong performance is achieved despite ongoing economic challenges.

Looking forward, Brockhaus plans to leverage high cash reserves for strategic growth initiatives and acquisitions, maintaining its trajectory of high profitability.