Overview
Germany technology investor's preliminary Q1 2026 revenue grew 13% yr/yr to €47.9 mln
Preliminary adjusted EBITDA for Q1 2026 rose to €7.6 mln, margin improved to 15.8%
Company forecast for continuing operations in 2026 remains unchanged after Bikeleasing disposal
Outlook
Brockhaus maintains 2026 revenue forecast for continuing operations at €30 mln to €32 mln
Company keeps 2026 adjusted EBITDA guidance for continuing operations at €0 mln to €2 mln
Result Drivers
BIKELEASING SEGMENT - Improved results from resale of previously leased bicycles and e-bikes, and introduction of dealer commission boosted earnings in former HR Benefit & Mobility Platform segment
SECURITY TECHNOLOGIES IMPACT - Deferred revenue due to supply constraints weighed on Security Technologies (IHSE) segment, only partly offset by cost savings
Company press release: ID:nEQ9zb9fxa
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
EUR 47.90 mln
Q1 Adjusted EBITDA
EUR 7.60 mln
Q1 Adjusted EBITDA Margin
15.80%
Analyst Coverage
Wall Street's median 12-month price target for Brockhaus Technologies AG is €40.00, about 113.3% above its May 4 closing price of €18.75
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)