Brockhaus Technologies AG: Significant increase in revenue by 18.5% to
EUR39.6 million and in adjusted EBITDA by 18.0% to EUR11.4 million (28.7%
margin) in Q1 2024 - forecast 2024 unchanged

EQS-Ad-hoc: Brockhaus Technologies AG / Key word(s): Quarter
Results/Preliminary Results
Brockhaus Technologies AG: Significant increase in revenue by 18.5% to EUR39.6
million and in adjusted EBITDA by 18.0% to EUR11.4 million (28.7% margin) in
Q1 2024 - forecast 2024 unchanged

07-May-2024 / 20:04 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Brockhaus Technologies AG: Significant increase in revenue by 18.5% to EUR39.6
million and in adjusted EBITDA by 18.0% to EUR11.4 million (28.7% margin) in
Q1 2024 - forecast 2024 unchanged

Frankfurt am Main, May 7, 2024.

Brockhaus Technologies AG (BKHT, ISIN: DE000A2GSU42, 'Brockhaus
Technologies') generated revenue of EUR39.6 million in the first quarter of
the fiscal year, which corresponds to organic growth of +18.5% compared to
the same period of the previous year (Q1 2023: EUR33.4 million). Adjusted
EBITDA increased by +18.0% to EUR11.4 million, representing an adjusted EBITDA
margin of 28.7% (Q1 2023: EUR9.6 million; 28.8% margin). Adjusted EBIT also
increased by +18.3% to EUR10.2 million, resulting in an adjusted EBIT margin
of 25.8% (Q1 2023: EUR8.6 million; 25.8% margin).

Due to the acquisitions of four external sales agencies in the Financial
Technologies segment throughout the fiscal year 2023, the group reports
earnings figures for Q1 2023 on a pro forma basis additionally for better
comparability. As the acquisitions have a cost-reducing effect, the pro
forma results are higher. Compared to the pro forma figures of the previous
year's quarter Q1 2023, adjusted EBITDA increased by +4.0% (Q1 2023: EUR10.9
million; 32.7% margin), and adjusted EBIT increased by +2.9% (Q1 2023: EUR9.9
million; 29.7% margin).

Before adjustments, the preliminary EBITDA amounted to EUR11.1 million (Q1
2023: EUR10.4 million) and EBIT to EUR5.2 million (Q1 2023: EUR5.8 million). EBIT
is particularly influenced by purely consolidation-related PPA amortization.

With these results, Q1 2024 falls within our expectations, although two
effects are leading to postponement of revenue into subsequent quarters.

In the Financial Technologies segment (Bikeleasing), the already anticipated
normalization of seasonality became evident. In 2023, 19% of the yearly
volume of newly brokered bicycles occurred in Q1, marking an unusually high
proportion (long-term average: 13%). This was due to unusually dry weather
conditions in January and February 2023, alongside the still limited
availability of bicycles and e-bikes caused by the aftermath of the COVID-19
pandemic. The latter led many Bikeleasing users to order their bikes well in
advance in anticipation of the difficult delivery situation, rather than
waiting for the first warm weeks of the year. In the meantime, bike
availability has returned to normal, reducing the lead time for orders
accordingly and leading to a typical, more pronounced seasonality. This
means that an even higher proportion of the annual volume for 2024 is
expected to occur in Q2 and Q3 (see presentation for the Earnings Call FY
2023, page 6). In conjunction with increased personnel and other operational
expenses aimed to enable long-term strong growth, this shift resulting from
a normalization of seasonality had an adverse effect on profit margins in Q1
2024.

In the Security Technologies segment (IHSE), revenue experienced a decline
of -12.5% to EUR7.3 million. This was caused mainly by a planned two-week
production overhaul at IHSE's main facility in Oberteuringen, aimed at
increased automation and thus production efficiency.

Brockhaus Technologies' forecast for fiscal year 2024 remains unchanged,
with revenue expected to range between EUR220 million and EUR240 million and
adjusted EBITDA between EUR80 million and EUR90 million.

Regarding the definition of alternative performance measures, see page 94
onwards of our Annual Report 2023.

The financial figures stated in this disclosure are preliminary and
unaudited. The Q1 2024 quarterly report will be released on Wednesday, May
15, 2024. The earnings call for Q1 2024 is also scheduled for Wednesday, May
15, 2024, at 16:00 CEST.

Contact:

Brockhaus Technologies - Florian Peter

Phone: +49 69 20 43 40 90

Fax: +49 69 20 43 40 971

E-Mail: ir@brockhaus-technologies.com


End of Inside Information

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   Language:       English
   Company:        Brockhaus Technologies AG
                   Thurn-und-Taxis-Platz 6
                   60313 Frankfurt am Main
                   Germany
   Phone:          +49 (0)69 2043 409 0
   Fax:            +49 (0)69 2043 409 71
   E-mail:         info@brockhaus-technologies.com
   Internet:       https://www.brockhaus-technologies.com/
   ISIN:           DE000A2GSU42
   WKN:            A2GSU4
   Listed:         Regulated Market in Frankfurt (Prime Standard);
                   Regulated Unofficial Market in Berlin, Dusseldorf,
                   Munich, Stuttgart, Tradegate Exchange
   EQS News ID:    1898009

End of Announcement EQS News Service
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1898009 07-May-2024 CET/CEST