Germany · Delayed Price · Currency is EUR Brockhaus Technologies AG Earnings Call Transcripts
Fiscal Year 2025
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Group revenue grew 10% to €225M in 2025, with adjusted EBITDA at €46M and a 21% margin. Sale of Bikeleasing stake is pending BaFin approval, expected to bring €240M in cash, with strategic options for proceeds under review. 2026 guidance forecasts €30–32M revenue and €0–2M EBITDA.
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Revenue grew 3.6% to EUR 182 million in the first nine months, but adjusted EBITDA and EBIT fell due to strategic investments. BikeLeasing expanded internationally and IHSE's defense business drove margin gains, while guidance for 2025 remains cautious amid higher costs.
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Revenue reached EUR 112 million with a 6% gross margin and 22% adjusted EBITDA margin in H1 2024. FY2025 guidance targets 10–15%+ revenue growth but lower EBITDA due to strategic investments, while the German bicycle market remains pressured by high inventories and discounts.
Fiscal Year 2024
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Solid 2024 organic revenue growth (+10%) was achieved despite economic headwinds, but adjusted EBITDA and EPS declined due to higher costs and weak IHSE performance. 2025 guidance anticipates 10–15% revenue growth but lower EBITDA, with continued investment in Bikeleasing’s platform and challenging market conditions persisting.
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Strong organic revenue growth and high profitability were achieved in the first nine months of 2024, with robust performance in both Bikeleasing and IHSE. Guidance for 2024 and the medium-term outlook remain positive, supported by improved margins, reduced leverage, and ongoing strategic initiatives.
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Revenue grew 30% year-over-year to EUR 109 million in H1 2024, with strong adjusted EBITDA and EPS growth. Bikeleasing saw record customer growth, while IHSE faced a temporary revenue dip but maintains a strong order backlog. 2024 guidance and medium-term outlook remain robust.