EQS-Adhoc: Brockhaus Technologies AG: Forecast for the 2024 financial year – high growth in revenue to € 220 to € 240 million and adjusted EBITDA to € 80 to € 90 million expected
EQS-Ad-hoc: Brockhaus Technologies AG / Key word(s): Forecast
Brockhaus Technologies AG: Forecast for the 2024 financial year – high growth in revenue to € 220 to € 240 million and adjusted EBITDA to € 80 to € 90 million expected
22-March-2024 / 18:48 CET/CEST
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Brockhaus Technologies AG: Forecast for the 2024 financial year – high growth in revenue to € 220 to € 240 million and adjusted EBITDA to € 80 to € 90 million expected
Frankfurt am Main, March 22, 2024.
Brockhaus Technologies AG (BKHT, ISIN: DE000A2GSU42, "Brockhaus Technologies") announces its high growth expectations for the financial year 2024 with the following forecast.
Brockhaus Technologies expects revenue of between € 220 million and € 240 million in the 2024 financial year, which would correspond to strong organic growth of between 18% and 29% compared to revenue in the 2023 reporting period.
The Group is forecasting adjusted EBITDA of between € 80 million and € 90 million for the 2024 financial year, which corresponds to an over proportional growth of between 29% and 45% compared to adjusted EBITDA in the 2023 reporting period.
According to preliminary figures, Brockhaus Technologies increased revenue by +31% to € 187 million in the 2023 financial year (2022: € 143 million) with adjusted EBITDA of € 62 million (2022: € 47 million) and adjusted EBIT of € 58 million (2022: € 44 million). This corresponds to an adjusted EBITDA margin of 33.3% (2022: 33.2%) and an adjusted EBIT margin of 30.9% (2022: 30.9%). In the pro forma view, the adjusted EBITDA margin of 35.9%, with an adjusted pro forma EBITDA of € 67 million (2022: € 47 million), was significantly higher than the previous year's figure of 33.2%.
For the definition of the alternative performance indicators and the calculation of the pro forma key figures, please refer to page 85 et seq. of our Annual Report 2022 and page 14 of our Quarterly Statement 9M 2023. In 2022, the adjustments still included the decreased earnings due to value step-up. In order to avoid discrepancies between the key performance indicators and IFRS as far as possible, this adjustment has no longer been made since the beginning of 2023. As a result, revenue is no longer adjusted and the previous year's figures have also been adjusted accordingly.
The 2023 Annual Report will be published on Thursday, March 28, 2024. The Earnings Call 2023 will take place on the same day at 3:00 p.m. (CET). Interested parties can register for the call at the following link: https://webcast.meetyoo.de/reg/oaHsnCSWesKR
Contact:
Brockhaus Technologies – Paul Göhring
Phone: +49 69 20 43 40 90
Fax: +49 69 20 43 40 971
Email: ir@brockhaus-technologies.com
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