Brockhaus Technologies AG

Latest Results (08.11.2025):

Brockhaus Technologies AG reported its preliminary financial results for Q1 2025, with total revenue of €42.4 million—a 7.0% organic growth compared to Q1 2024—and an adjusted EBITDA of €2.4 million, reflecting pressure on margins compared to the prior year. The report highlights divergent performance across its segments, impacted by market conditions and strategic investments.

Overall Performance

The company achieved Q1 2025 revenue of €42.4 million with organic growth from Q1 2024, although the overall adjusted EBITDA declined to €2.4 million, corresponding to a margin of 5.6%. These results underscore the mixed impact of market dynamics and sector-specific challenges.

HR Benefit & Mobility Platform Segment

This segment reported an increase in revenue by 10.9% to €35.9 million compared to Q1 2024, driven primarily by a significant boost in revenue from the resale of bikes. However, the number of newly brokered bikes fell by 20%, and adjusted EBITDA dropped to €3.4 million (9.4% margin) from €12.0 million (37.2% margin) due to higher operating expenses and lower profit margins from resale activities.

Security Technologies Segment

In Q1 2025, the Security Technologies segment saw a revenue decline of 10.6% to €6.5 million. The adjusted EBITDA for the segment decreased to €314 thousand, with a margin of 4.8%, primarily due to lower revenue levels combined with fixed personnel and operating costs.

Forward-Looking Remarks

Brockhaus Technologies AG is addressing challenges including the implementation costs associated with the long-term growth strategy in its HR Benefit & Mobility Platform segment. The company is also working closely with its auditor, KPMG, to complete outstanding audit procedures to finalize the annual and consolidated financial statements, with a new publication date to be announced soon.