Brockhaus Capital Management AG: BCM Group on growth path; Annual General Meeting approves renaming

– Resolutions of the Annual General Meeting adopted with large majority

– Forecast for fiscal year 2021 increased significantly following the acquisition of Bikeleasing Group

– BCM becomes “Brockhaus Technologies AG”

Frankfurt am Main, June 17, 2021. Brockhaus Capital Management AG (BKHT, ISIN: DE000A2GSU42, “BCM”), a long-term oriented technology group focused on acquiring high-margin and high-growth technology and innovation champions within the German Mittelstand, held its virtual Annual General Meeting on June 16, 2021.

At yesterday’s Annual General Meeting in Frankfurt, the shareholders of BCM approved the resolutions with a large majority and formally approved the acts of the Executive Board and Supervisory Board. A total of about 80% of the voting capital stock was represented. Due to the COVID-19 pandemic, the Annual General Meeting was held as a virtual event.

Marco Brockhaus, CEO of BCM: “Against the backdrop of the coronavirus pandemic, the fiscal year 2020 was particularly challenging. The revenue level that we generated, combined with high profitability, therefore is a major achievement. And the upward trend continues. Catch-up effects and the signed purchase agreement for the acquisition of innovation leader Bikeleasing have put us on a clear growth trajectory.”

As a result of catch-up effects, the BCM Group almost matched the prior-year revenue level in the first four months of this year. Moreover, on June 16, 2021, BCM signed a purchase agreement for the acquisition of a majority stake in Bikeleasing Group (“BLS”). Established in 2015, BLS (www.bikeleasing.de) is a leading digital B2B platform for green assets. Through its highly automated digital platform, BLS currently allows around 25,000 corporate customers of the German Mittelstand to arrange and manage company bicycle leases for their approximately 1.2 million employees. For BCM, this is the third majority acquisition, following the acquisition of sensor-technology specialist Palas and IT security specialist IHSE.

In fiscal year 2020, BCM had already laid the foundations for securing the Group’s organic growth. Key aspects of the corporate strategy are, for example, the expansion of the international offices of its subsidiaries Palas and IHSE. Inorganic growth is being achieved through further acquisitions of technology and innovation leaders.

Under consideration of the acquisition, BCM Group, which currently has two segments, Environmental Technologies (Palas) and Security Technologies (IHSE), has significantly increased its forecast, now expecting pro-forma revenue of between €120 million and €130 million and adjusted EBITDA of around €34 million (pro-forma) in fiscal year 2021 (adjusted EBITDA margin of between 26% and 28%, pro-forma). The forecast performance indicators are pro-forma figures, meaning that BCM Group’s results of operations are presented as if the acquisition had already taken place as of January 1, 2021. Closing of the transaction is subject to several conditions and intended for Q4 2021. The forecast is subject to an IFRS reconciliation, which still has to be finalized: Bikeleasing-Service reports in accordance with the German Commercial Code (HGB).

At the virtual Annual General Meeting, the shareholders of BCM approved all items on the agenda with a large majority. Among other items, the majority of shareholders registered to attend the Annual General Meeting approved the new compensation system for the management and supervisory board as well as the proposed renaming of BCM to “Brockhaus Technologies AG”. By way of the renaming, BCM highlights its strategic focus on acquisitions of high-margin and high-growth technology champions already in its name.

Dr. Cornelius Liedtke, founder and managing shareholder of Büll & Dr. Liedtke Group, was elected as a member of the Supervisory Board. On application by BCM, he had been appointed until the end of the Annual General Meeting by way of a decision of the Local Court in Frankfurt am Main dated September 14, 2020 and was now elected by the general assembly for another year.

“We are delighted that Dr. Cornelius Liedtke, an entrepreneur and expert for Mittelstand and technology firms, has joined the Supervisory Board of BCM,” comments Marco Brockhaus.

Detailed information on the virtual Annual General Meeting and the voting results for the respective agenda items can be found at: https://ir.bcm-ag.com/websites/brockhaus/English/6000/annual-general-meeting.html.
 

Upcoming dates

August 16, 2021 Half-Yearly Financial Report H1 2021
November 15, 2021 Quarterly Report 9M 2021

About Brockhaus Capital Management

Brockhaus Capital Management AG (BKHT, ISIN: DE000A2GSU42, “BCM”), based in Frankfurt/Main, is a technology group acquiring high-margin and high-growth technology champions with B2B business models in the German Mittelstand. With a unique platform approach and a long-term horizon, BCM actively and strategically supports its subsidiaries in achieving long-term profitable growth beyond industry and country boundaries. At the same time, BCM offers a gateway into these non-listed German technology champions, which are otherwise inaccessible to capital market investors.
 

Contact details

For investors:

Brockhaus Capital Management
Paul Göhring
Head of Investor Relations
Phone: +49 69 20 43 40 978
E-Mail: goehring@bcm-ag.com

For media:

USC
Svenja Lahrmann
Phone: +49 221 280 655 18
E-Mail: presse@us-communications.de