Brockhaus Technologies (BKHT) Company Presentation summary

Strategy and business model

• Focuses on acquiring and growing technology champions in niche markets with high margins and long-term growth potential.

• Emphasizes reinvestment of cash flows, add-on acquisitions, and strategic know-how transfer to drive sustainable, profitable growth.

• Proven track record of value creation through acquisitions, operational enhancements, and successful exits.

• Targets German Mittelstand companies with enterprise values of €30–300m and EBITDA of €3–30m.

• Management and subsidiary teams are significantly invested, aligning interests with shareholders.

Financial performance and key metrics

• Reported FY2024 revenue of €204m and EBITDA of €65m, representing a 32% margin.

• Q1 2025 group revenue reached €42.4m, up 7% year-over-year, with a gross profit margin of 55.7%.

• Adjusted EBITDA for Q1 2025 was €2.4m, with a margin of 5.6%, impacted by lower margins in Financial Technologies.

• Total cash and cash equivalents stood at €42m at the end of March 2025.

Segment highlights: Bikeleasing.de

• Bikeleasing.de generated €173m revenue and €67m adjusted EBITDA in FY2024, with a 39% margin.

• Operates a digital B2B platform for employee benefits, connecting employers, employees, retailers, and insurers.

• Significant market potential remains, with only ~11% of eligible employees in Germany using corporate bike leasing.

• Q1 2025 revenue was €35.9m, with a gross margin of ~51%, but adjusted EBITDA margin was -9% due to resale dynamics.

• Evolving into a multi-benefit HR platform through acquisitions (Probonio) and new offerings (Bike2Future), expanding TAM to €25bn.