Brockhaus Technologies AG Reports Q1 2025 Results with Mixed Performance

Brockhaus Technologies AG announced preliminary results for Q1 2025, reporting revenue of €42.4 million, an increase of 7.0% compared to Q1 2024. The adjusted EBITDA stood at €2.4 million, resulting in a margin of 5.6%, down from 28.7% the previous year. This decline is attributed to changes in revenue structure and increased costs.

Notably, the HR Benefit & Mobility Platform segment saw a revenue rise of 10.9% to €35.9 million, driven by increased bike resale. However, newly brokered bikes dropped by 20%. Segment adjusted EBITDA was €3.4 million with a margin of 9.4%, affected by higher resale revenue, offseason discounts, and strategic costs from acquisitions like Probonio and the launch of Bike2Future.

The Security Technologies segment struggled, with revenue decreasing by 10.6% to €6.5 million and an adjusted EBITDA margin of 4.8%, impacted by fixed personnel and operating costs against lowered revenues.

The company is working with KPMG on completing audit procedures and will announce publication dates for financial statements soon. The outlined figures remain preliminary and unaudited, with the full quarterly report expected on May 15, 2025.