Brockhaus Technologies AG Sees Growth Despite Economic Challenges

Brockhaus Technologies AG reported a preliminary revenue growth of 10% for 2024, reaching €205 million. The adjusted EBITDA rose by 7% to €66 million, though both figures fell short of initial forecasts. Despite Germany's tough economic climate, the company considers this growth solid.

The HR Benefit & Mobility Platform segment, including Bikeleasing and Probonio, saw revenues increase by 18% to €173 million. However, a decline in the number of newly brokered bikes by 8% was noted. This is attributed to economic-driven factors and contract system changes, despite positive developments in onboarding new customers.

The Security Technologies segment suffered a 21% revenue decline to €32 million, mainly due to delivery delays. Brockhaus plans to publish a specific 2025 forecast in late March, adjusting its growth outlook.