Brockhaus Technologies AG beats 2023 revenue forecast

Brockhaus Technologies AG announced that it has exceeded its revenue forecast for fiscal year 2023 with preliminary figures showing revenue of 186 million euros, representing organic growth of 31% compared to the previous year. Adjusted EBITDA also increased by 31% to €62 million, corresponding to an adjusted EBITDA margin of 33%. Adjusted EBIT increased by 30% to a total of 57 million euros.

The fintech division, including Bikeleasing, expanded its value chain through the acquisition of four external sales agencies, which had a positive effect on profits. However, these acquisitions did not impact the group's overall revenue.

Initially, Brockhaus Technologies expected to achieve the high end of its revenue guidance range of €165 million to €175 million, with an adjusted EBITDA margin of 35%. Preliminary results exceeded these expectations, demonstrating robust performance despite an adjusted EBITDA margin slightly below expectations.

The key financial figures mentioned are preliminary and unaudited, and therefore may still be subject to change. The full annual report for the year 2023 will be published on March 28, 2024.