DGAP-News: Brockhaus Technologies AG: Revenue 9M 2021 slightly above previous year's level; strong growth in order intake and backlog

Revenue 9M 2021 slightly above previous year's level; strong growth in order intake and backlog

- Revenue for 9M 2021 of €34.2 million c. +1% above prior-year level

- EBITDA margin for 9M 2021 at c. 15%

- Strong increase in order backlog (+56%) and order intake (+19%) compared to prior-year period

- Closing of the acquisitions of Bikeleasing and kvm-tec planned for Q4 2021

Frankfurt am Main, November 15, 2021. Brockhaus Technologies AG (BKHT, ISIN: DE000A2GSU42), a long-term oriented technology group focused on acquiring high-margin and high-growth technology champions within the German Mittelstand, publishes figures for the first nine months of 2021.

In the first nine months of fiscal year 2021, Brockhaus Technologies generated revenue of €34.2 million, an increase of around +1% year-on-year (9M 2020: €33.9 million). Adjusted EBITDA of €5.1 million corresponds to an adjusted EBITDA margin of 14.9% (9M 2020: €7.0 million or 20.5%). Both order intake as well as order backlog continued to increase in the third quarter. After the first nine months of the fiscal year, order intake amounts to €41.5 million, c. +19% above the prior-year-period, with order backlog of €13.5 million, c. 56% above the prior-year-period.

In the third quarter of 2021, Brockhaus Technologies continued to benefit from catch-up effects, increasing revenue by +9.0% to €11.7 million compared with the third quarter of 2020. The adjusted EBITDA margin of 21.7% in the third quarter of 2021 has also further improved in comparison to the first and second quarter of 2021.

"The positive trend observed in the second quarter continued. We further increased revenue and adjusted EBITDA in the third quarter. Due to the ongoing coronavirus pandemic and extensive due diligence activities in the first half of 2021, adjusted EBITDA in the first nine months, however, came in below the prior-year figure. Based on the good order situation as well as future expected catch-up effects, we continue to expect a strong fourth quarter 2021 for the Group" said Marco Brockhaus, CEO of Brockhaus Technologies.

Strong demand for conventional Palas devices to measure ambient air returns

In the first nine months of 2021, the Environmental Technologies segment, which consists of Palas, posted revenue growth of +37.5% compared with the prior-year period, to €14.0 million. The main factors driving this growth were Palas' new products for testing the quality of respiratory masks, the again increasing demand for products for the certified measurement of fine dust in ambient air, and first positive effects from the Chinese expansion that took place in 2020. Palas offers one of the leading technologies for high-precision measurement and characterization of even the smallest air particles, such as fine dust and nanoparticles.

Travel restrictions and social distancing requirements continue to delay IT infrastructure projects of IHSE customers

In the Security Technologies segment, consisting of IHSE, major customer projects continued to be delayed in the first nine months of 2021 due to the international travel restrictions and social distancing requirements related to the COVID-19 pandemic. Revenue declined by -15.0% to €20.2 million. Demand for KVM technologies however continues to develop positively. In the reporting period, order intake increased by +19.5% as compared to the prior-year-period while order backlog with an increase of +97.1% reached a level nearly twice as high as of September 30, 2020. IHSE is a global technology leader for KVM (keyboard, video, mouse) solutions enabling highly secure, latency-reduced and loss-free data transfer in mission-critical applications such as police and fire department control rooms, air traffic control, and hospitals.

By acquiring a majority stake in Austrian KVM over IP provider kvm-tec on October 29, 2021, IHSE further expanded its product portfolio and customer base. Closing of the transaction is planned for the coming weeks.

Financing contracts for the acquisition of Bikeleasing signed

On June 16, 2021, Brockhaus Technologies signed a purchase agreement for the acquisition of a majority interest in Bikeleasing-Service GmbH & Co. KG (together with its affiliated companies collectively referred to as "Bikeleasing"), which is among the leading digital B2B platforms for the facilitation and management of leasing contracts.

On November 11, 2021, Brockhaus Technologies signed, next to amended contracts with the sellers, financing contracts with the co-investors and debt financing providers, essentially concluding the final transaction structure. The closing of the transaction is still subject to the successful completion of a qualifying holding procedure by German Federal Finan-cial Supervisory Authority (BaFin). Pay-out of the loans is subject to customary conditions. The IFRS financials for Bikeleasing as per September 30, 2021, have not been finally compiled yet.

Invitation to Investor Update Call 9M 2021

The Investor Update Call for the Quarterly Report 9M 2021 will take place on November 16, 2021 at 4:00 p.m. (CET). Please use the following link to register if you are interested in joining the call:

https://webcast.meetyoo.de/reg/uO0ZjSQL3zJL
Your personal access data will then be sent to you by e-mail. The call will be in English.

Financial Calendar

01 June 2022 Annual General Meeting 2022

About Brockhaus Technologies AG

Based in Frankfurt am Main, Brockhaus Technologies AG (BKHT, ISIN: DE000A2GSU42) is a technology group that acquires high-margin, high-growth technology champions with B2B business models in the German Mittelstand. With a unique platform approach and a long-term horizon, Brockhaus Technologies actively and strategically supports its subsidiaries in achieving profitable long-term growth, both across industries and internationally. At the same time, the group offers a gateway into these non-listed German technology champions, which are otherwise inaccessible to capital market investors. For further information, please visit www.brockhaus-technologies.com

Contact details

For investors:

Brockhaus Technologies - Paul Göhring
Acquisitions & Investor Relations | Member of the Executive Committee
Phone: +49 69 20 43 40 978
Fax: +49 69 20 43 40 971
Email: goehring@brockhaus-technologies.com

For media:

USC - Leonie Seinsche
Phone: +49 152 020 973 16
Email: presse@us-communications.de