27.02.2023 Brockhaus Technologies AG  DE000A2GSU42

EQS-Adhoc: Brockhaus Technologies AG: Forecast 2022 outperformed with preliminary results: revenue before PPA of €145m and adjusted EBITDA at €50m; adjusted EBITDA margin was 34.4%


 

EQS-Ad-hoc: Brockhaus Technologies AG / Key word(s): Preliminary Results/Annual Results
Brockhaus Technologies AG: Forecast 2022 outperformed with preliminary results: revenue before PPA of €145m and adjusted EBITDA at €50m; adjusted EBITDA margin was 34.4%

27-Feb-2023 / 20:06 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Frankfurt am Main, February 27, 2023.

Brockhaus Technologies AG (BKHT, ISIN: DE000A2GSU42, „Brockhaus Technologies“): Our preliminary numbers from continued operations (i.e. excluding Palas sold in November) showed revenue before PPA of €145 million in fiscal year 2022, which corresponds to +38% year-over-year growth, which was purely organic (2021: €105 million). Adjusted EBITDA grew by +23% to €50 million, resulting in an adjusted EBITDA margin of 34.4% (2021: €41 million; 38.8% margin). Adjusted EBIT was €47 million, corresponding to an adjusted EBIT margin of 32.2% (2021: €39 million; 36.8% margin). Adjusted EBIT therefore increased by +21% compared to prior year 2021.

The latest forecast of Brockhaus Technologies, updated on November 24, 2022, solely due to the deconsolidation of Palas, showed revenue before PPA of between €130 and 135 million at an adjusted EBITDA margin of 35%. This corresponds to an adjusted EBITDA range of approximately €45 to 47 million. On this basis, the upper-end of our earlier forecast was exceeded by 7.6% as to revenue, and by 6.4% in terms of adjusted EBITDA. Decisive factors in the outperformance of the forecast were the higher than planned volume of company bikes facilitated through the digital Bikeleasing platform, as well as a very strong Q4 at IHSE.

Before any adjustments, preliminary revenue was €143 million (+44% vs. 2021; €99 million) with EBITDA of €47 million (+144% vs. 2021; €19 million) and EBIT of €29 million (+899% vs 2021; €3 million). EBIT is affected especially by PPA amortizations of €14 million (2021: €14 million).

Net income of the former subsidiary Palas, which was divested on November 24, 2022, will be presented in the separate line item “Result from discontinued operations” in Brockhaus Technologies’ consolidated income statement 2022. This result is expected to amount to €48 million and comprises both Palas’ income generated in the relevant period until the day of disposal together with the capital gain from the sale of that subsidiary. As its income and expenses are no longer presented in the consolidated revenue, other income and expenses, these items will be revised for comparative purposes and shown pro forma for 2021.

Our 2021 numbers present the income statement as if the subsidiaries acquired in 2021, Bikeleasing and kvm-tec, were already part of Brockhaus Technologies for the full-year as from January 1, 2021. With regard to the definition of alternative performance measures we refer to page 86 onwards in the Annual Report 2021 of Brockhaus Technologies.

The financial figures stated in this disclosure are preliminary and unaudited, which is why they might be subject to amendments. The Annual Report 2022 of Brockhaus Technologies will be published on Friday, March 31, 2023. The earnings call 2022 is also scheduled for that same day.

Contact:

Brockhaus Technologies – Paul Göhring

Phone: +49 69 20 43 40 90

Fax: +49 69 20 43 40 971

E-Mail: [email protected]


27-Feb-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: Brockhaus Technologies AG
Thurn-und-Taxis-Platz 6
60313 Frankfurt am Main
Germany
Phone: +49 (0)69 2043 409 0
Fax: +49 (0)69 2043 409 71
E-mail: [email protected]
Internet: https://www.brockhaus-technologies.com/
ISIN: DE000A2GSU42
WKN: A2GSU4
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1569803

 
End of Announcement EQS News Service

1569803  27-Feb-2023 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1569803&application_name=news&site_id=boersengefluester_html


Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 0,00 1,10 16,56 51,58 60,32 142,71 186,00
EBITDA1,2 0,00 -1,31 15,99 8,33 0,42 46,73 58,00
EBITDA-Marge3 0,00 -119,09 96,56 16,15 0,70 32,74
EBIT1,4 0,00 -1,53 5,90 -1,04 -9,26 29,30 37,00
EBIT-Marge5 0,00 -139,09 35,63 -2,02 -15,35 20,53 19,89
Jahresüberschuss1 0,00 -1,64 1,31 -6,76 -18,76 58,46 23,00
Netto-Marge6 0,00 -149,09 7,91 -13,11 -31,10 40,96 12,37
Cashflow1,7 0,00 -1,02 1,43 5,69 -6,21 34,91 0,00
Ergebnis je Aktie8 0,00 -0,16 -0,37 -0,81 -1,52 4,48 0,74
Dividende8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2022 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: KPMG

INVESTOR-INFORMATIONEN
©boersengefluester.de
Brockhaus Technologies
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A2GSU4 21,700 Halten 237,56
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
13,31 15,85 0,84 35,00
KBV KCV KUV EV/EBITDA
0,86 6,80 1,28 7,67
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
0,00 0,00 0,00 20.06.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
15.05.2024 14.08.2024 14.11.2024 28.03.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-7,28% -2,40% -16,22% -8,05%
    
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu Brockhaus Technologies AG  ISIN: DE000A2GSU42 können Sie bei EQS abrufen


Beteiligungen , A2GSU4 , BKHT , XETR:BKHT