Brockhaus Technologies AG / DE000A2GSU42

Brockhaus Technologies AG: Strong increase in revenue to €143 million (+31%) and adjusted EBITDA to €54 million (38% margin) in 9M 2023 – full year expected at the upper end of the forecast

EQS-Ad-hoc: Brockhaus Technologies AG / Key word(s): 9 Month figures/Forecast


09-Nov-2023 / 18:20 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, November 9, 2023. According to preliminary figures, Brockhaus Technologies AG (BKHT, ISIN: DE000A2GSU42, “Brockhaus Technologies”) generated revenue of €143 million in the first nine months of the financial year, which corresponds to organic growth of +31% compared to the same period of the previous year (9M 2022: €109 million). Adjusted EBITDA increased by +33% to €54 million and corresponds to an adjusted EBITDA margin of 38% (9M 2022: €41 million; 37% margin). Adjusted EBIT also increased by +33% to €51 million corresponding to an adjusted EBIT margin of 36% (9M 2022: €39 million; 35% margin). Due to the acquisition of two external sales agencies in the Financial Technologies segment in H1 2023, the group also reports key performance figures on a pro forma basis. From a pro forma perspective, these acquisitions lead to a positive effect on earnings and an adjusted pro forma EBITDA of €55 million (39% margin) and an adjusted pro forma EBIT of €52 million (36% margin) in the group. Before adjustments, EBITDA amounted to €53 million (9M 2022: €40 million) and EBIT amounted to €39 million (9M 2022: €27 million). EBIT is particularly influenced by purely consolidation-related PPA amortization. Based on the positive development, we expect that Brockhaus Technologies will reach the upper end of the forecast range for revenue (€165 - 175 million) for the full year with an unchanged adjusted EBITDA margin of 35%. Regarding the definition of alternative performance measures, please refer to page 85 onwards of our Annual Report 2022 as well as page 19 of our Half-Year Financial Report H1 2023. In 2022, the adjustments still included the decreased earnings due to value step-up. In order to avoid deviations between the key performance indicators and IFRS as far as possible, this adjustment is no longer included. This means that revenue is no longer adjusted and the previous year's figures have been adapted accordingly. In addition, the earnings contribution of Palas (former Environmental Technologies segment), which was sold in November 2022, was subtracted from the previous year's figures. The financial figures stated in this disclosure are preliminary and unaudited. The quarterly statement 9M 2023 will be published on Tuesday, November 14, 2023. The earnings call 9M 2023 is also scheduled for Tuesday, November 14, 2023, at 16:00 CET.
  Contact: Brockhaus Technologies – Paul Göhring Phone: [phone] Fax: [phone] E-Mail: [e-mail]  

End of Inside Information

---

09-Nov-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:	[phone]
Fax:	[phone]
E-mail:	[e-mail]
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:	1770063

End of Announcement	EQS News Service

---

1770063  09-Nov-2023 CET/CEST