Brockhaus Technologies Reports Non-Cash Impairments Affecting 2024 Financials

Brockhaus Technologies AG has announced non-cash impairments impacting its 2024 annual and consolidated financial statements. External valuations by PwC prompted these adjustments, which do not affect the previously published revenue and EBITDA figures or cash flow but reduce net income and equity.

The impairments include a €40 million reduction in the goodwill of the Security Technologies segment, previously valued at €80 million. Additionally, intangible assets from acquisitions of IHSE and kvm-tec faced an €8 million impairment. IHSE's shares were impaired by €45 million, lowering their value to €51 million.

Inventories at IHSE saw a €1 million write down, causing a minor EBITDA impact. Despite impairments of transferred Bikeleasing shares by €23 million, their value remains above the acquisition cost.

Retained earnings have been depleted, meaning no dividend will be proposed in 2025. The finalization of the 2024 financial statements is underway with the auditor.