EQS-Ad-hoc : Brockhaus Technologies AG: Brockhaus Technologies AG publishes forecast for fiscal year 2023
Tue, 28 Mar 2023
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Brockhaus Technologies AG / Key word(s): Forecast Brockhaus Technologies AG publishes forecast for fiscal year 2023 Frankfurt am Main, March 28, 2023. Brockhaus Technologies AG (BKHT, ISIN: DE000A2GSU42, "Brockhaus Technologies") expects revenue (without adjustments for PPA effects) between €165 million and €175 million for the fiscal year 2023. This corresponds to a growth between 16% and 23% compared to revenue of fiscal year 2022. We plan with an adjusted EBITDA margin of 35% which corresponds to a range of €57.8 million to €61.3 million. In fiscal year 2022, Brockhaus Technologies increased revenue before PPA from continuing operations (i.e. without the subsidiary Palas, which was sold in November 2022) by +38% to €145 million (2021: €105 million) with an adjusted EBITDA of €50 million (2021: €41 million) and an adjusted EBIT of €47 million (2021: €39 million). This corresponds to an adjusted EBITDA margin of 34.4% (2021: 38.8%) and an adjusted EBIT margin of 32.2% (2021: 36.8%). Therefore, the 2022 forecast of €130 million - €135 million revenue before PPA and an adjusted EBITDA of €45 million - €47 million was outperformed significantly. Free cash flow before taxes was €40 million (previous year: €11 million). Before adjustments, revenue amounted to €143 million (+44% compared to 2021; €99 million) with an EBITDA of €47 million (+144% compared to 2021; €19 million) and an EBIT of €29 million (+899% compared 2021; €3 million). EBIT was particularly impacted by PPA amortizations of €14 million (2021: €14 million). In order to avoid deviations between the Group’s central control indicators and IFRS, Brockhaus Technologies will no longer adjust revenue for PPA effects in the future. For the definition of alternative performance indicators, please refer to page 86 onwards of our Annual Report 2021. The Annual Report 2022 will be published on Friday March 31, 2023. The Earnings Call 2022 will take place on the same day at 4:00 p.m. (CEST). Interested parties can register for the call using the following link: https://webcast.meetyoo.de/reg/rL3NHcerosoL
Brockhaus Technologies – Paul Göhring Phone: +49 69 20 43 40 90 Fax: +49 69 20 43 40 971 Email: ir@brockhaus-technologies.com
28-March-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Brockhaus Technologies AG |
| Thurn-und-Taxis-Platz 6 | |
| 60313 Frankfurt am Main | |
| Germany | |
| Phone: | +49 (0)69 2043 409 0 |
| Fax: | +49 (0)69 2043 409 71 |
| E-mail: | info@brockhaus-technologies.com |
| 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: | 1593745 |
| End of Announcement | EQS News Service |
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