Brockhaus Capital Management AG

  • WKN: A2GSU4
  • ISIN: DE000A2GSU42
  • Land: Deutschland

Nachricht vom 13.11.2020 | 17:41

Brockhaus Capital Management AG: BCM corrects guidance due to COVID-19 and expects a single-digit percentage decline in revenue compared to 2019 (pro forma). Preliminary figures 9M 2020 continue to show a margin of above 20% with revenue of € 33.9m

Brockhaus Capital Management AG / Key word(s): Change in Forecast/9 Month figures
Brockhaus Capital Management AG: BCM corrects guidance due to COVID-19 and expects a single-digit percentage decline in revenue compared to 2019 (pro forma). Preliminary figures 9M 2020 continue to show a margin of above 20% with revenue of € 33.9m

13-Nov-2020 / 17:41 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


BCM corrects guidance due to COVID-19 and expects a single-digit percentage decline in revenue compared to 2019 (pro forma). Preliminary figures 9M 2020 continue to show a margin of above 20% with revenue of € 33.9m

Frankfurt/Main, November 13th, 2020. Brockhaus Capital Management AG (BKHT, ISIN: DE000A2GSU42, "BCM Group") no longer considers it more likely than not that it will achieve the previously communicated guidance of a mid-single-digit percentage growth in relation to pro forma revenue in 2019 of € 54.3 million, without the inclusion of new acquisitions. Instead, BCM Group is currently forecasting a single-digit percentage revenue decline for fiscal year 2020 compared to the previous year 2019 (on a pro forma basis).

The assumptions underlying the previous guidance of a rapid stabilization of customer enquiries in the segment Security Technologies have not yet adequately occured. This results from the ongoing COVID-19 pandemic and the associated renewed international lockdown restrictions such as travel and contact bans. Therefore, despite a significant increase in order intake in Q3 as compared to Q2 2020, BCM Group no longer expects to be able to realize sufficient catch-up effects in the Security Technologies segment in the remaining fiscal year. Even the strong performance of the Environmental Technologies segment, which stands significantly above the prior-year period 9M 2019 with +17.3% revenue growth in combination with a massive increase in order intake, will not be sufficient to compensate for the shifts in the Security Technologies segment.

As already envisaged in the half-year financial report dated September 29th 2020, group revenue in Q3 2020 was considerably below pro forma levels of the previous year's Q3 2019 due to negative effects of the COVID-19 pandemic. According to preliminary figures, revenue in the first nine months of the current fiscal year were € 33.9 million, which corresponds to a decrease of -16% compared to the pro forma period of the previous year. With a preliminary adjusted EBITDA of € 7.0 million, the margin of 20.5% nevertheless maintained the level of the first half of 2020 (20.4%). Including inorganic growth through acquisitions (non-pro forma basis), revenue growth in 9M 2020 was € 25.2 million or +290%.

In view of the mission-critical nature of its technologies, BCM Group however expects significant catch-up effects in 2021, subject to the continuing uncertainties regarding the course, duration and impact of the COVID-19 pandemic on global economic development.

BCM Group's quarterly statement 9M 2020 will be published on November 24th, 2020. For further information on the definition of performance metrics, please refer to the consolidated fincancial statements for 2019. These can be found on the Company's website www.bcm-ag.com in the Investors - Publications section.

Contact information

For Investors:

Brockhaus Capital Management - Paul Göhring
Head of Investor Relations
Tel: +49 69 20 43 40 978
Mobil: +49 151 4616 0724
Fax: +49 69 20 43 40 971
E-Mail: goehring@bcm-ag.com


13-Nov-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



show this

Event im Fokus

Termine 2021

10. Juni 2021:Fachkonferenz Immobilien

14./15. Juli 2021: Fachkonferenzen Beteiligungsgesellschaften & Consumer/Leisure

13./14. Oktober 2021: Fachkonferenzen Finanzdienstleistungen/Technologie

10./11. November 2021: Fachkonferenzen Software/IT & Branchenmix

„Je nach aktueller Covid-19 Situation und den bestehenden Vorschriften für Versammlungen entscheidet sich ca. 5 Wochen vor dem Termin, in welcher Form die Konferenzen stattfinden.“

GBC-Fokusbox

11 Perlen im „GBC Fonds Champions 2021“

Im Rahmen der aktuellen Studie „GBC Fonds Champions 2021“ haben wir elf versteckte Fondsperlen mit dem Kriterium einer Mindestbewertung von 4 von 5 GBC-Falken ausgewählt. Auch tragen wir dem gesteigerten Investoreninteresse nach nachhaltigen Investments Rechnung und haben drei nachhaltige Fonds ausgewählt. Übrigens, die Fonds aus unserer letzten Ausgabe haben im Schnitt eine Performance von plus 31,8 % erreicht.

News im Fokus

Vonovia SE: Aktionäre beschließen auf Hauptversammlung Dividende von 1,69 Euro (News mit Zusatzmaterial)

16. April 2021, 16:41

Aktueller Webcast

Nordex SE

Conference Call 11.05.2021 (Webcast)

11. Mai 2021

Aktuelle Research-Studie

Mountain Alliance AG

Original-Research: Mountain Alliance AG (von Montega AG): Kaufen

16. April 2021