Q3 2025 Brockhaus Technologies AG Earnings Call Transcript
Key Points
- Brockhaus Technologies AG (XTER:BKHT) reported an expected organic revenue growth of 10% to 15% for the fiscal year 2025, despite challenging economic conditions.
- Bikeleasing's international expansion strategy includes a stake in the US company Ridepanda, aiming to leverage synergies and expertise in the US market.
- IHSE increased its gross profit margin in Q3 2025 due to an improved product and customer mix, particularly from the growing defense business.
- The company maintains a conservative financial position with a leverage ratio of around 1 times, well below their limit of 2.5 times.
- Brockhaus Technologies AG (XTER:BKHT) continues to invest in long-term growth strategies, including the transformation of Bikeleasing into a multi-benefit platform.
- Adjusted EBITDA and EBIT were 28% and 33% lower than the previous year, primarily due to investments in Bikeleasing's growth strategy.
- Revenue at IHSE was down 12% year-over-year, with significant declines in EMEA and APAC regions.
- The Bikeleasing segment experienced a decline in brokered bicycles due to extreme retail discounts and deteriorating credit scores in Germany.
- The company's share price remains below the valuations of its subsidiaries, creating a gap that management is struggling to close.
- Increased expenses related to strategic growth initiatives, such as Probonio and Bike2Future, are impacting profitability.
Hello, ladies and gentlemen, and welcome to the Brockhaus investor update call. (Operator Instructions)
Let me now turn the floor over to Marco Brockhaus.
Yes. Thank you very much, and good afternoon, everyone. Welcome to Brockhaus Technologies earnings call for the first 9 months of the fiscal year 2025. Before we begin, I would like to point out that the slides we are presenting will afterwards be published in the Investors Relations section of our website, brockhaus-technologies.com. After our presentation, we will open the call to questions from your side.
(Event Instructions) Thank you very much in advance. Before we present our results, I encourage all listeners to review the legal notice on page 2 of our presentation, which explains the understanding of forward-looking statements. Additionally, please refer to note 6 of our consolidated financial statements for 2024 on page 93 onwards of the annual report 2024 and page 13 onwards of
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