Reported Earnings • Aug 15
Second quarter 2026 earnings released: €0.84 loss per share (vs €0.94 loss in 2Q 2025) Second quarter 2026 results: €0.84 loss per share (improved from €0.94 loss in 2Q 2025). Revenue: €8.59m (down 5.9% from 2Q 2025). Net loss: €8.76m (loss narrowed 11% from 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Jul 10
Brockhaus Technologies AG, Annual General Meeting, Aug 19, 2026 Brockhaus Technologies AG, Annual General Meeting, Aug 19, 2026, at 10:00 W. Europe Standard Time. New Risk • Jul 01
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -€7.8m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-€7.8m free cash flow). Earnings have declined by 46% per year over the past 5 years. Reported Earnings • May 20
First quarter 2026 earnings released: €0.41 loss per share (vs €0.073 loss in 1Q 2025) First quarter 2026 results: €0.41 loss per share (further deteriorated from €0.073 loss in 1Q 2025). Revenue: €6.07m (down 15% from 1Q 2025). Net loss: €4.24m (loss widened 455% from 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. Announcement • Dec 24
Decathlon Pulse agreed to acquire 65% stake in Bls Beteiligungsgesellschaft Für Immobilienbesitz Mbh from Brockhaus Technologies AG (XTRA:BKHT) for €240 million on December 23, 2025. Decathlon Pulse entered into an agreement to acquire 65% stake in Bls Beteiligungsgesellschaft Für Immobilienbesitz Mbh from Brockhaus Technologies AG (XTRA:BKHT) for €240 million on December 23, 2025. on December 23, 2025.
The transaction is subject to approval by regulatory board / committee.
Maximilian Platzer, Christina Mann, Adrien Giraud, Tilman Kuhn, Axel Schiemann, Ulf Kieker, Christian Jahn, Paul Davies, Michael Green, Susan Kempe-Müller, Tobias Leder from Latham & Watkins LLP acted as legal advisor for Decathlon Pulse. E+H Rechtsanwälte GmbH acted as legal Local counsel advisor to Decathlon Pulse. Announcement • Oct 17
Brockhaus Technologies AG, Annual General Meeting, Nov 27, 2025 Brockhaus Technologies AG, Annual General Meeting, Nov 27, 2025, at 11:00 W. Europe Standard Time. Announcement • May 31
Brockhaus Technologies AG Provides Earnings Guidance for the Year 2025 Brockhaus Technologies AG provided earnings guidance for the year 2025. The company continues to expect organic revenue growth and high profitability for the 2025 fiscal year. Reported Earnings • Nov 16
Third quarter 2024 earnings released: EPS: €0.42 (vs €0.32 in 3Q 2023) Third quarter 2024 results: EPS: €0.42 (up from €0.32 in 3Q 2023). Revenue: €68.5m (up 17% from 3Q 2023). Net income: €4.34m (up 25% from 3Q 2023). Profit margin: 6.3% (up from 5.9% in 3Q 2023). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 15
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: €69.6m (up 37% from 2Q 2023). Net loss: €5.27m (loss widened €4.99m from 2Q 2023). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. New Risk • Jun 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • May 19
First quarter 2024 earnings released: €0.13 loss per share (vs €0.045 loss in 1Q 2023) First quarter 2024 results: €0.13 loss per share (further deteriorated from €0.045 loss in 1Q 2023). Revenue: €39.8m (up 19% from 1Q 2023). Net loss: €1.38m (loss widened 183% from 1Q 2023). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Price Target Changed • Apr 12
Price target increased by 8.4% to €51.67 Up from €47.67, the current price target is an average from 3 analysts. New target price is 137% above last closing price of €21.80. Stock is down 4.0% over the past year. The company is forecast to post earnings per share of €0.84 next year compared to a net loss per share of €0.31 last year. Announcement • Mar 29
Brockhaus Technologies AG, Annual General Meeting, Jun 20, 2024 Brockhaus Technologies AG, Annual General Meeting, Jun 20, 2024. Reported Earnings • Mar 28
Full year 2023 earnings released: €0.31 loss per share (vs €0.094 profit in FY 2022) Full year 2023 results: €0.31 loss per share (down from €0.094 profit in FY 2022). Revenue: €187.6m (up 31% from FY 2022). Net loss: €3.34m (down 427% from profit in FY 2022). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Mar 21
Brockhaus Technologies AG to Propose First-Time Dividend for the Year 2023 The Executive Board of Brockhaus Technologies AG, in consultation with the Supervisory Board, intends to propose to the Annual General Meeting, based on the preliminary, yet unaudited financial statements for fiscal year 2023, the payment of a dividend in the amount of EUR 0.22 per dividend-entitled share, for the first time. To date, Brockhaus Technologies has not paid any dividends yet. The final proposal of the Executive Board and the Supervisory Board to the Annual General Meeting is to be made after the approval of the audited financial statements for 2023 and is to be published in good time before the Annual General Meeting of Brockhaus Technologies, which is to be held on June 20, 2024. The annual report of Brockhaus Technologies for the fiscal year 2023 will be published on March 28, 2024. Brockhaus Technologies achieved the target status of the previous dividend policy significantly earlier than planned. Previously, regular dividend payments were foreseen to be made only in the mid-term future. Going forward, Brockhaus Technologies targets to pay a steadily increasing dividend. The decision on dividends is made by the Annual General Meeting. Reported Earnings • Nov 15
Third quarter 2023 earnings released: EPS: €0.32 (vs €0.77 in 3Q 2022) Third quarter 2023 results: EPS: €0.32 (down from €0.77 in 3Q 2022). Revenue: €58.8m (up 17% from 3Q 2022). Net income: €3.49m (down 59% from 3Q 2022). Profit margin: 5.9% (down from 17% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Aug 16
Brockhaus Technologies AG to Report Q3, 2023 Results on Nov 14, 2023 Brockhaus Technologies AG announced that they will report Q3, 2023 results on Nov 14, 2023 Reported Earnings • Aug 15
Second quarter 2023 earnings released: €0.025 loss per share (vs €0.14 profit in 2Q 2022) Second quarter 2023 results: €0.025 loss per share (down from €0.14 profit in 2Q 2022). Revenue: €50.5m (up 10% from 2Q 2022). Net loss: €277.0k (down 118% from profit in 2Q 2022). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Reported Earnings • May 17
First quarter 2023 earnings released: €0.045 loss per share (vs €0.20 loss in 1Q 2022) First quarter 2023 results: €0.045 loss per share (improved from €0.20 loss in 1Q 2022). Revenue: €33.6m (up 20% from 1Q 2022). Net loss: €488.0k (loss narrowed 78% from 1Q 2022). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Germany. Price Target Changed • Mar 06
Price target increased by 14% to €46.33 Up from €40.75, the current price target is provided by 1 analyst. New target price is 102% above last closing price of €22.90. Stock is up 14% over the past year. The company posted a net loss per share of €1.52 last year. Price Target Changed • Oct 11
Price target decreased to €39.00 Down from €42.00, the current price target is an average from 4 analysts. New target price is 177% above last closing price of €14.10. Stock is down 33% over the past year. The company is forecast to post earnings per share of €0.59 next year compared to a net loss per share of €1.52 last year. Reported Earnings • Aug 18
Second quarter 2022 earnings released: EPS: €0.14 (vs €0.27 loss in 2Q 2021) Second quarter 2022 results: EPS: €0.14 (up from €0.27 loss in 2Q 2021). Revenue: €45.8m (up 285% from 2Q 2021). Net income: €1.52m (up €4.32m from 2Q 2021). Profit margin: 3.3% (up from net loss in 2Q 2021). Over the next year, revenue is forecast to grow 44%, compared to a 19% growth forecast for the Electronic industry in Germany. Announcement • Aug 11
Brockhaus Technologies Ag Confirms Its Guidance for Full Year 2022 Brockhaus Technologies Ag confirmed Its Guidance for Full Year 2022. Company expects revenue for the full year 2022 to be between €140 – 150 million at an adjusted EBITDA margin of 35%. Price Target Changed • Aug 02
Price target decreased to €40.50 Down from €44.50, the current price target is an average from 4 analysts. New target price is 114% above last closing price of €18.95. Stock is down 11% over the past year. The company is forecast to post earnings per share of €1.35 next year compared to a net loss per share of €1.52 last year. Reported Earnings • May 04
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: €1.52 loss per share (down from €0.81 loss in FY 2020). Revenue: €61.7m (up 18% from FY 2020). Net loss: €15.9m (loss widened 136% from FY 2020). Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) also missed analyst estimates by 1,222%. Over the next year, revenue is forecast to grow 203%, compared to a 26% growth forecast for the industry in Germany. Announcement • May 04
Brockhaus Technologies AG Provides Revenue Guidance for the Year 2021 Brockhaus Technologies AG provided revenue guidance for the year 2021. For the year, the company expects revenue of between €140 million - €150 million. Announcement • Dec 01
Brockhaus Technologies AG (DB:BKHT) completed the acquisition of a 52% stake in BLS Bikeleasing-Service GmbH & Co. KG. Brockhaus Capital Management AG (DB:BKHT) signed an agreement to acquire majority stake in Bikeleasing-Service GmbH & Co. KG from managing shareholders and others for an enterprise value of approximately €300 million on June 16, 2021. Based on an enterprise value of Bikeleasing of approximately €300 million and subject to typical price adjustment mechanisms at closing of the acquisition, the purchase price attributable to Brockhaus amounts to approximately €167 million. As part of the transaction, the current managing shareholders will retain a significant stake through a re-investment. Considering this re-investment, Brockhaus will approximately hold a 60% share in Bikeleasing. Brockhaus reserves the right to decrease its stake to 50.1% in favor of co-investors and to secure parts of the purchase price via bridge financing. In addition, it is planned that the founders also invest at the level of Brockhaus by way of a capital increase through contribution in kind. The transaction will be financed by Brockhaus from available cash and through a capital increase with shareholders subscription rights, which is expected to be carried out in the second half of 2021. As of October 19, 2021, the transaction shall be funded through available cash, the issuance of €13 million worth of new shares as part of a capital increase in kind, the involvement of a co-investor as well as debt financing. The updated financing structure is based on financing commitments from lenders with regard to acquisition loans in an amount of €65 million, a co-investor with regard to a minority interest in the amount of €20 million, as well as a loan at the level of Brockhaus Technologies in the amount of €15 million. The financing tranches are still subject to their final contractual documentation. The Management Board believes that the financing of the purchase price can be completed without a rights issue.
BLS Bikeleasing-Service GmbH reported revenues of €41 million and an EBITDA margin of 43% in 2020. The closing of the transaction is subject to financing as well as a number of closing conditions. The transaction requires, among other things, the successful completion of ownership control procedures by the German Federal Financial Supervisory Authority. The transaction is expected to be completed in the second half of 2021. As of October 1, 2021, the transaction is expected to be completed in the fourth quarter of 2021. As of October 19, 2021, the transaction is expected to be completed before year end 2021. Stefan Sambol of OMMAX provided technical and commercial due diligence to Brockhaus Capital Management AG.
Brockhaus Technologies AG (DB:BKHT) completed the acquisition of a 52% stake in BLS Bikeleasing-Service GmbH & Co. KG on November 30, 2021. The acquisition was financed with cash of Brockhaus Technologies amounting to around €89 million, vendor loan of €15 million and acquisition loans of €65 million. Brockhaus Technologies also issued 0.56 million shares to the sellers. In addition, certain co-investors acquired shares in Bikeleasing comprising 8%. Following the transaction, Bikeleasing's founders and managing shareholders, Bastian Krause and Paul Sinizin, will retain a 40% stake in Bikeleasing and will continue to lead its operations as managing directors in the future. The German Federal Financial Supervisory Authority approved the transaction. Price Target Changed • Nov 18
Price target increased to €45.25 Up from €38.67, the current price target is an average from 2 analysts. New target price is 80% above last closing price of €25.10. Stock is down 19% over the past year. The company is forecast to post earnings per share of €0.74 next year compared to a net loss per share of €0.81 last year. Reported Earnings • Nov 17
Third quarter 2021 earnings released: €0.31 loss per share (vs €0.28 loss in 3Q 2020) The company reported a soft third quarter result with increased losses and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: €12.0m (up 9.4% from 3Q 2020). Net loss: €3.20m (loss widened 11% from 3Q 2020). Reported Earnings • Aug 18
Second quarter 2021 earnings released: €0.27 loss per share (vs €0.34 loss in 2Q 2020) The company reported a soft second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: €11.9m (up 11% from 2Q 2020). Net loss: €2.79m (loss widened 31% from 2Q 2020). Announcement • Jun 18
Brockhaus Capital Management AG (DB:BKHT) and managing shareholders agreed to acquire Bikeleasing-Service GmbH & Co. KG from managing shareholders and others for an enterprise value of approximately €300 million. Brockhaus Capital Management AG (DB:BKHT) and managing shareholders signed an agreement to acquire Bikeleasing-Service GmbH & Co. KG from managing shareholders and others for an enterprise value of approximately €300 million on June 16, 2021. Based on an enterprise value of Bikeleasing of approximately €300 million and subject to typical price adjustment mechanisms at closing of the acquisition, the purchase price attributable to Brockhaus amounts to approximately €167 million. As part of the transaction, the current managing shareholders will retain a significant stake through a re-investment. Considering this re-investment, Brockhaus will approximately hold a 60% share in Bikeleasing. Brockhaus reserves the right to decrease its stake to 50.1% in favor of co-investors and to secure parts of the purchase price via bridge financing. In addition, it is planned that the founders also invest at the level of Brockhaus by way of a capital increase through contribution in kind. The transaction will be financed by Brockhaus from available cash and through a capital increase with shareholders subscription rights, which is expected to be carried out in the second half of 2021. The closing of the transaction is subject to financing as well as a number of closing conditions. The transaction requires, among other things, the successful completion of ownership control procedures by the German Federal Financial Supervisory Authority. Stefan Sambol of OMMAX provided technical and commercial due diligence to Brockhaus Capital Management AG. Reported Earnings • May 16
First quarter 2021 earnings released: €0.27 loss per share (vs €0.18 loss in 1Q 2020) The company reported a poor first quarter result with increased losses, weaker revenues and weaker control over costs. First quarter 2021 results: Revenue: €11.2m (down 12% from 1Q 2020). Net loss: €2.80m (loss widened 151% from 1Q 2020). Announcement • May 16
Brockhaus Capital Management AG Reaffirms Earnings Guidance for the Fiscal Year 2021 Brockhaus Capital Management AG reaffirmed earnings guidance for the fiscal year 2021. In fiscal year 2021, BCM Group expects organic revenue growth of +20% to EUR 62 million. Reported Earnings • Apr 17
Full year 2020 earnings released: €0.81 loss per share (vs €1.32 loss in FY 2019) The company reported a solid full year result with improved revenues and control over costs, although losses increased. Full year 2020 results: Revenue: €52.5m (up 203% from FY 2019). Net loss: €6.76m (loss widened 77% from FY 2019). Announcement • Apr 15
Brockhaus Capital Management AG Provides Revenue Guidance for the Fiscal Year 2021 Brockhaus Capital Management AG provided revenue guidance for the fiscal year 2021. For the year, the company expects organic revenue growth of 20% to €62 million. Is New 90 Day High Low • Feb 25
New 90-day low: €26.55 The company is down 14% from its price of €30.90 on 27 November 2020. The German market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 10.0% over the same period. Is New 90 Day High Low • Feb 08
New 90-day low: €28.45 The company is down 6.0% from its price of €30.40 on 10 November 2020. The German market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 22% over the same period. Is New 90 Day High Low • Jan 14
New 90-day low: €28.50 The company is down 3.0% from its price of €29.30 on 16 October 2020. The German market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 11% over the same period. Announcement • Nov 19
Brockhaus Capital Management Ag Appoints Cornelius Liedtke to Supervisory Board Brockhaus Capital Management AG announced the appointment of Dr. Cornelius Liedtke, an additional seat on the Supervisory Board of the company was allocated. With Dr. Cornelius Liedtke, Brockhaus Capital Management AG has gained an expert for the area of medium-sized-businesses and technology on its Supervisory Board. He has been a successful entrepreneur and investor for many years. Dr. Cornelius Liedtke is managing partner of various companies of the B-ll & Dr. Liedtke Group, Hamburg (B&L Group) and other independent investment and asset management companies. Dr. Cornelius Liedtke has been a member of the advisory board of various medium-sized companies for many years. In addition, he has been a member of the Supervisory Board of Encavis AG, based in Hamburg, since 2007. Is New 90 Day High Low • Nov 17
New 90-day high: €32.50 The company is up 12% from its price of €28.90 on 19 August 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share. Reported Earnings • Sep 29
First half earnings released Over the last 12 months the company has reported total losses of €5.71m, with losses widening by 47% from the prior year. Total revenue was €34.7m over the last 12 months, up 248% from the prior year.