Brockhaus Technologies: Q1 2025 Revenue and Strategic Developments

Brockhaus Technologies AG reported Q1 2025 revenue of €42.4 million, reflecting a 7% organic growth from the previous year. The adjusted EBITDA stood at €2.4 million, with a margin of 5.6%. Despite economic challenges, the company anticipates continued organic growth and profitability throughout 2025.

In its HR Benefit & Mobility segment, led by Bikeleasing, revenue grew 10.9% to €35.9 million. Investments are being made to transform Bikeleasing into a multi-benefit platform. However, a decline in newly brokered bikes impacted the EBITDA, which was €3.4 million with a 9.4% margin.

The Security Technologies segment, including IHSE, saw revenue decline to €6.5 million due to a muted market environment. Nevertheless, significant progress was made with IHSE's Secure Isolated KVM gaining NATO certification.

Internal investigations at IHSE revealed incorrect revenue bookings in 2024, leading to management changes. The company is addressing these issues while collaborating with auditors for the pending 2024 financial statements.