Q1 2026 Brockhaus Technologies AG Earnings Call Transcript
Key Points
- Brockhaus Technologies AG (XTER:BKHT) reported a total revenue of EUR47.9 million in Q1 2026, reflecting an organic growth of 13% compared to the prior year period.
- The company achieved a gross profit margin of 60%, which is an improvement from the 56% in the comparative period.
- Adjusted EBITDA for the reporting period was EUR7.6 million, corresponding to an adjusted EBITDA margin of around 16%.
- The sale of the Bikeleasing stake is expected to generate approximately EUR240 million, with more than 50% of the net proceeds planned to be distributed to shareholders.
- The IHSE segment showed resilience with a focus on cost reduction, resulting in a 16% decrease in personnel expenses and a 13% decline in other operating expenses year over year.
- Revenue in the IHSE segment decreased by 14% compared to the prior year period, primarily due to reduced investment activity in the Americas region.
- The prolonged government shutdown, US tariff policy, and the war in the Middle East negatively impacted IHSE's revenue in the Americas, which declined by 66% year over year.
- The adjusted EBITDA for the continuing operations in Q1 2026 was negative at EUR1.1 million.
- The company has not yet finalized the closing of the Bikeleasing sale, leaving uncertainty about the exact cash inflow from the transaction.
- There is no current plan or comment on the potential sale of IHSE, leaving the future strategy for this segment unclear.
Hello, ladies and gentlemen, and welcome to the Brockhaus Technologies AG investor update call. (Operator Instructions)
Let me now turn the floor over to Marco Brockhaus.
Thank you, and good afternoon, everyone. Welcome to Brockhaus Technologies earnings call for the first quarter of the fiscal year 2026. Before we begin, I would like to point out that the slides we are presenting will be published afterwards in the Investor Relations section of our website, brockhaus-technologies.com. (Event Instructions)
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 and 7 of BKHT's consolidated financial statements for 2025 on page 84 onwards of our Annual Report 2025 or page 14 of Brockhaus Technology Quarterly Statement Q1 2026 for a discussion on alternative performance measures, as
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