- Revenue of €22.5 million in H1 2021 almost matches prior-year level

- Order backlog as of end of June at €10.7 million, up +73% on the previous year's reporting date

- Revenue in Q2 2021 increased by +10% to €11.6 million

Frankfurt am Main, July 14, 2021. Brockhaus Capital Management AG (BKHT, ISIN: DE000A2GSU42, "BCM"), a long-term oriented technology group focused on acquiring high-margin and high-growth technology champions within the German Mittelstand, publishes preliminary figures for the first half of 2021.

In the first six months of fiscal year 2021, BCM Group generated revenue of €22.5 million, thus almost matching the prior-year level of €23.2 million (-3%). Order intake increased significantly in the first half of 2021, rising by +24% to €26.7 million (H1 2020: €21.6 million). Order backlog as of the end of June was €10.7 million, up +73% on the previous year's reporting date (June 30, 2020: €6.2 million).

The order situation of BCM Group's segments developed well in the first six months of 2021. The Environmental Technologies segment (Palas) achieved a sharp increase in order intake, which were up +39% to €10.5 million (H1 2020: €7.6 million). Order backlog as of June 30, 2021 was €4.1 million, up +58% on previous year's reporting date (June 30, 2020: €2.6 million). Revenue was +63% higher, at €9.7 million (H1 2020: €6.0 million). Palas offers one of the leading technologies for high-precision measurement and characterization of even the smallest air particles, such as fine dust and nanoparticles. The Security Technologies segment (IHSE) generated dynamic growth in order intake, which was up by +15% to €16.1 million (H1 2020: €14.0 million). Order backlog as of end of June was €6.6 million, up +83% on previous year's reporting date (June 30, 2020: €3.6 million). Revenue, which amounted to €12.7 million in the first half of 2021, however was still significantly below the prior-year period (H1 2020: €17.2 million). IHSE is a global technology leader for KVM (keyboard, video, mouse) solutions enabling highly secure, latency-reduced and loss-free data transfer in mission-critical applications such as police and fire department control rooms, air traffic control, as well as hospitals.

As the coronavirus pandemic started to wane, BCM Group benefited from catch-up effects in the second quarter 2021 and saw revenue increase by +10% to €11.6 million in this period (Q2 2020: €10.6 million).

"The positive trend since April has continued. Due to the coronavirus pandemic and extensive due diligence activities in H1 2021, the Group's adjusted EBITDA however will be below prior-year's period. On the back of the visible improvement in the order situation as well as catch-up effects, we continue to expect a strong second half of 2021 for the Group in accordance with our current guidance" says BCM CEO Marco Brockhaus.

The performance indicators reported here are provisional and subject to change.

Financial Calendar

August 16, 2021 Half-Yearly Financial Report H1 2021
November 15, 2021 Quarterly Report 9M 2021

About Brockhaus Capital Management

Brockhaus Capital Management AG (BKHT, ISIN: DE000A2GSU42, "BCM"), based in Frankfurt/Main, is a technology group acquiring high-margin and high-growth technology champions with B2B business models in the German Mittelstand. With a unique platform approach and a long-term horizon, BCM actively and strategically supports its subsidiaries in achieving long-term profitable growth beyond industry and country boundaries. At the same time, BCM offers a gateway into these non-listed German technology champions, which are otherwise inaccessible to capital market investors.
Find out more at www.bcm-ag.com.

Contact details

For investors:

Brockhaus Capital Management - Paul Göhring
Head of Investor Relations
Phone: +49 69 20 43 40 978
Fax: +49 69 20 43 40 971
E-Mail: [email protected]

For media:

USC - Svenja Lahrmann
Phone: +49 221 280 655 18
E-Mail: [email protected]