sur Brockhaus Capital Management AG (isin : DE000A2GSU42)
Brockhaus Technologies AG Shows Growth and Confirms 2024 Forecast
Brockhaus Technologies AG reported significant growth for the first nine months of 2024, with revenues increasing by 23% to €175.3 million and adjusted EBITDA rising by 25% to €68.0 million. Free cash flow before taxes surged by 60% to €26.2 million, and adjusted earnings per share improved by 12% to €1.42.
Bikeleasing contributed with a revenue boost of 34% and adjusted EBITDA 27% higher than the previous year. Meanwhile, IHSE reported a strong Q3, maintaining a high order backlog level. The net debt of the group decreased significantly, enhancing financial stability.
The company reaffirmed its forecast for 2024, expecting revenues between €220 million and €240 million and adjusted EBITDA of €80 million to €90 million. This strong performance is achieved despite ongoing economic challenges.
Looking forward, Brockhaus plans to leverage high cash reserves for strategic growth initiatives and acquisitions, maintaining its trajectory of high profitability.
R. E.
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