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Brockhaus Technologies AG: Publication of Annual Report 2021; medium-term growth targets from the IPO already achieved two years ahead of schedule


DGAP-News: Brockhaus Technologies AG

/ Key phrase(s): Annual Report/Forecast

Brockhaus Technologies AG: Publication of Annual Report 2021; medium-term development targets from the IPO already achieved two years forward of schedule

02.05.2022 / 23:57
The issuer is solely chargeable for the content material of this announcement.

Brockhaus Technologies AG: Publication of Annual Report 2021; medium-term development targets from the IPO already achieved two years forward of schedule

– As-is and professional forma forecast respectively achieved and exceeded

– Pro forma income elevated by +145.3% to ? 126.5 million

– Adjusted professional forma EBITDA elevated by +292.7% to ? 48.2 million at a margin of 38.1% (earlier 12 months: 23.8%)

– Forecast 2022 with income between ? 140 – 150 million with an adjusted EBITDA margin of 35%

Frankfurt am Main, May 2, 2022. Brockhaus Technologies AG (BKHT, ISIN: DE000A2GSU42), a know-how group targeted on buying high-margin and high-growth know-how and innovation champions inside the German Mittelstand, in the present day introduced its outcomes for fiscal 12 months 2021.

Fiscal 12 months 2021 was a transformative 12 months for Brockhaus Technologies. Two acquisitions had been efficiently accomplished in 2021 with the proceeds from the IPO in 2020 – Bikeleasing and kvm-tec. More than ever, Brockhaus Technologies is combining high-margin and high-growth know-how and innovation leaders beneath one roof.

Brockhaus Technologies achieved income of ? 66.5 million and adjusted EBITDA of ? 21.8 million within the fiscal 12 months 2021. This corresponds to an adjusted EBITDA margin of 32.8% and thereby exceeds the income forecast of ? 62 million and the anticipated EBITDA margin of over 23.8% considerably.

On a professional forma foundation, as if the acquisitions of Bikeleasing and kvm-tec had already taken place on January 1, 2021, Brockhaus Technologies generated income of ? 126.5 million (+145.3% year-on-year), adjusted EBITDA of ? 48.2 million (+292.7% year-on-year) and a corresponding adjusted EBITDA margin of 38.1% (earlier 12 months: 23.8%). This implies that the Group not solely greater than doubled its income and nearly quadrupled its EBITDA, but additionally met its professional forma income forecast of between ? 125 – 135 million and clearly exceeded its anticipated adjusted EBITDA of between ? 42 – 46 million.

“We achieved our medium-term growth targets only 18 months after going public in July 2020, which was actually twice as fast as projected during the IPO, despite the ongoing COVID-19 pandemic,” stated Marco Brockhaus, CEO and founding father of Brockhaus Technologies.

Bikeleasing: Integration efficiently accomplished

Bikeleasing is now absolutely built-in into the know-how group. The new Financial Technologies phase, consisting of Bikeleasing, achieved professional forma income of ? 72.6 million within the reporting interval with an adjusted professional forma EBITDA margin of 54.8%. This corresponds to continued sturdy income development of +101.9% year-on-year and underlines the scalability of the platform enterprise mannequin. Bikeleasing develops and operates a digital B2B finance platform for the facilitation, financing, and administration of worker advantages by means of the employer. In fiscal 12 months 2021, Bikeleasing grew the variety of related company clients on its platform to over 32,000, whose staff ordered and financed greater than 80,000 new firm bikes over the Bikeleasing platform.

IHSE: Acquisition of kvm-tec as necessary strategic addition to the know-how portfolio

In buying kvm-tec, IHSE complemented its already main proprietary KVM know-how portfolio by means of the addition of a KVM-over-IP resolution and may now present clients world wide with versatile KVM options to satisfy all wants. IHSE is a number one producer of KVM (keyboard, video and mouse) applied sciences for extremely safe, low-latency and loss-free information transmission in mission-critical purposes. The acquisition additionally implies that IHSE will be capable to faucet into a world KVM-over-IP buyer base and expects to leverage vital manufacturing and gross sales synergies. Business within the Security Technologies phase, which contains IHSE and kvm-tec, continued to be impacted within the reporting interval by the results of the COVID-19 pandemic. Renewed lockdowns and continued journey and speak to restrictions brought about delays so as consumption and income realization in all areas, notably with respect to giant KVM initiatives. Together with kvm-tec, IHSE posted professional forma income of ? 32.7 million, solely barely under the earlier 12 months’s determine whereas order backlog elevated considerably. The adjusted professional forma EBITDA margin got here to 25.5%.

Palas: Almost five-fold enhance in Chinese income following profitable internationalization

The Environmental Technologies phase, which consists of Palas, continued to carry out very nicely within the reporting interval: With income rising by +17.5% to ? 21.3 million and an adjusted EBITDA margin of 34.4%, Palas can look again on a document 12 months 2021. Palas develops, manufactures, and sells high-precision gadgets for measuring, characterizing, and producing particles in air, corresponding to nice mud and nanoparticles. Particularly within the first half of the 12 months, Palas continued to generate vital income from the sale of kit for testing the effectiveness of respiratory masks, gross sales volumes of which nonetheless fell significantly within the second half of the fiscal 12 months already. Additionally, with the measures for holding the COVID-19 pandemic progressively lifted, the core enterprise of Palas for licensed nice mud measurement skilled a return. Palas additionally elevated income within the Asia-Pacific area by +124.6% to ? 4.3 million and by an element of 5 in China. This sturdy efficiency is as a result of institution of its personal gross sales entity in Shanghai in 2020, Palas’ first internationalization step.

Outlook

Brockhaus Technologies initiatives income of between ? 140 – 150 million for the present fiscal 12 months, with a repeatedly excessive adjusted EBITDA margin of 35%.

With regard to inorganic development pushed by additional acquisitions, CEO Marco Brockhaus is assured: “We want to continue growing selectively. We are working on this with vigor, a clear head and strong principles by remaining true to our strategy and our high expectations of these companies. After one-and-a-half years as a publicly listed company, we are very solidly positioned with three subsidiaries. Our long-term objective is to finance new acquisitions from our subsidiaries’ organic cash flow. In that way we would avoid capital increases and the dilution effect they entail. Our interests in that respect are aligned with those of our shareholders, because we, the Brockhaus Technologies Team, are still the largest group of shareholders.”

EBITDA is calculated as earnings earlier than curiosity, taxes, depreciation and amortization, adjusted for the price of acquisition of subsidiaries, prices of fairness transactions to be acknowledged in revenue or loss and prices of share-based funds. Both income and EBITDA are additionally adjusted for results from buy value allocations (PPA). Further info on our key efficiency indicators could be present in Note 7 to the 2021 Consolidated Financial Statements (web page 86 of the 2021 Annual Report).

The Annual Report 2021 is now accessible at https://ir.bcm-ag.com/web sites/brockhaus/English/3000/publications.html.

The earnings name for buyers and analysts in English will happen at 4:00 pm (CET) on May 3. If you wish to take part, please register right here: https://webcast.meetyoo.de/reg/hBlQY504LXRm

Financial calendar

May 16, 2022 Quarterly Report Q1 2022

June 22, 2022 Annual General Meeting 2022

August 15, 2022 Publication of Half-Yearly Report

November 14, 2022 Quarterly Report Q3 2022

About Brockhaus Technologies AG

Based in Frankfurt am Main, Brockhaus Technologies AG (BKHT, ISIN: DE000A2GSU42) is a know-how group that acquires high-margin, high-growth know-how and improvements champions with B2B enterprise fashions within the German Mittelstand. With a singular platform strategy and a long-term horizon, Brockhaus Technologies actively and strategically helps its subsidiaries in attaining worthwhile long-term development, each throughout industries and internationally. At the identical time, Brockhaus Technologies gives a gateway into these non-listed German know-how champions, that are in any other case inaccessible to capital market buyers. For additional info, please go to www.brockhaus-technologies.com

Contact particulars

For buyers:
Paul Göhring
Phone: +49 69 20 43 40 978
Fax: +49 69 20 43 40 971
Email: ir@brockhaus-technologies.com

For media:
Jeanette Kehrein
Phone: +49 69 20 43 40 978
Fax: +49 69 20 43 40 971
Email: presse@brockhaus-technologies.com

02.05.2022 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely chargeable for the content material of this announcement.

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