{"id":18724,"date":"2025-07-16T17:39:35","date_gmt":"2025-07-16T15:39:35","guid":{"rendered":"https:\/\/www.brockhaus-technologies.com\/brockhaus-technologies-ag-non-cash-impairments-in-the-2024-annual-and-consolidated-financial-statements\/"},"modified":"2026-03-10T17:02:07","modified_gmt":"2026-03-10T16:02:07","slug":"brockhaus-technologies-ag-non-cash-impairments-in-the-2024-annual-and-consolidated-financial-statements","status":"publish","type":"post","link":"https:\/\/www.brockhaus-technologies.com\/en\/brockhaus-technologies-ag-non-cash-impairments-in-the-2024-annual-and-consolidated-financial-statements\/","title":{"rendered":"Brockhaus Technologies AG: Non-cash impairments in the 2024 annual and consolidated financial statements"},"content":{"rendered":"\n\n
\n

Brockhaus Technologies AG \/ Key word(s): Preliminary Results\/Dividend<\/p>\n

Brockhaus Technologies AG: Non-cash impairments in the 2024 annual and consolidated financial statements <\/p>\n

16-Jul-2025 \/ 19:39 CET\/CEST<\/p>\n

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.<\/p>\n

The issuer is solely responsible for the content of this announcement.<\/p>\n\n

\n

Brockhaus Technologies AG: Non-cash impairments in the 2024 annual and consolidated financial statements<\/b><\/p>\n

Frankfurt am Main, July 16, 2025<\/p>\n

Brockhaus Technologies AG (\u201cBrockhaus Technologies\u201d or the \u201cCompany,\u201d ISIN: DE000A2GSU42) today has recognized non-cash impairments in its annual and consolidated financial statements as of December 31, 2024, based on external valuation opinions by PwC. These accounting adjustments do not have a material impact on the preliminary revenue and adjusted EBITDA figures published on March 7, 2025, nor do they affect the cash flow. However, they do reduce consolidated net income, annual net income and equity.<\/p>\n

In the 2024 consolidated financial statements, the goodwill of the Security Technologies segment (IHSE), previously valued at \u20ac80 million, was impaired by \u20ac40 million to \u20ac40 million. In addition, certain intangible assets recognized during the acquisitions of IHSE and kvm-tec (PPA assets) were impaired by \u20ac8 million. In the 2024 statutory annual financial statements of Brockhaus Technologies AG, the shares in IHSE \u2013 reported under financial assets \u2013 was impaired from \u20ac96 million by \u20ac45 million to \u20ac51 million.<\/p>\n

Additionally, inventories at IHSE were written down by \u20ac1 million. This has a minor impact on adjusted EBITDA.<\/p>\n

In fiscal year 2023, a portion of the Company\u2019s shares in Bikeleasing was contributed to a wholly owned subsidiary of Brockhaus Technologies AG, thereby realizing hidden reserves. As a result, these shares were carried at a value significantly above their original acquisition cost. As of December 31, 2024, these transferred shares were impaired from \u20ac70 million by \u20ac23 million to \u20ac47 million. Despite the impairment, their carrying amount remains well above the original acquisition cost of \u20ac22 million. The remaining shares in Bikeleasing, which continue to be carried at original acquisition cost, remain fully recoverable.<\/p>\n

As a result of the non-cash impairments recorded in the 2024 statutory annual financial statements, retained earnings have been fully depleted. Therefore, the Executive Board and Supervisory Board will not be able to propose a dividend distribution at the 2025 Annual General Meeting.<\/p>\n

With regard to the delayed publication of the 2024 annual and consolidated financial statements, the Company is working closely with the auditor to finalize the remaining audit procedures as quickly as possible. The publication date for the 2024 financial statements and the date of the Annual General Meeting will be announced as soon as possible.<\/p>\n

\u00a0<\/p>\n

Contact:<\/b><\/p>\n

Brockhaus Technologies \u2013 Florian Peter<\/p>\n

Phone: +49 69 20 43 40 90<\/p>\n

Fax: +49 69 20 43 40 971<\/p>\n

Email: ir@brockhaus-technologies.com<\/p>\n

\u00a0<\/p>\n<\/div>\n

End of Inside Information<\/p>\n\n

\n16-Jul-2025 CET\/CEST The EQS Distribution Services include Regulatory Announcements, Financial\/Corporate News and Press Releases.
Archive at www.eqs-news.com<\/p>\n\n<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Language:<\/td>\nEnglish<\/td>\n<\/tr>\n
Company:<\/td>\nBrockhaus Technologies AG<\/td>\n<\/tr>\n
\nThurn-und-Taxis-Platz 6<\/td>\n<\/tr>\n
\n60313 Frankfurt am Main<\/td>\n<\/tr>\n
\nGermany<\/td>\n<\/tr>\n
Phone:<\/td>\n+49 (0)69 2043 409 0<\/td>\n<\/tr>\n
Fax:<\/td>\n+49 (0)69 2043 409 71<\/td>\n<\/tr>\n
E-mail:<\/td>\ninfo@brockhaus-technologies.com<\/td>\n<\/tr>\n
Internet:<\/td>\nhttps:\/\/www.brockhaus-technologies.com\/<\/td>\n<\/tr>\n
ISIN:<\/td>\nDE000A2GSU42<\/td>\n<\/tr>\n
WKN:<\/td>\nA2GSU4<\/td>\n<\/tr>\n
Listed:<\/td>\nRegulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange<\/td>\n<\/tr>\n
EQS News ID:<\/td>\n2170854<\/td>\n<\/tr>\n<\/table>\n

<\/p>\n\n\n
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\u00a0<\/td>\n<\/tr>\n
End of Announcement<\/td>\nEQS News Service<\/td>\n<\/tr>\n<\/table>\n\n\n
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\n

2170854\u00a0\u00a016-Jul-2025\u00a0CET\/CEST<\/p>\n<\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

Brockhaus Technologies AG \/ Key word(s): Preliminary Results\/Dividend Brockhaus Technologies AG: Non-cash impairments in the 2024 annual and consolidated financial statements 16-Jul-2025 \/ 19:39 CET\/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596\/2014,<\/p>\n","protected":false},"author":0,"featured_media":10221,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_mo_disable_npp":"","footnotes":""},"categories":[27],"tags":[],"class_list":["post-18724","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investor-news"],"acf":[],"yoast_head":"\nBrockhaus Technologies AG: Non-cash impairments in the 2024 annual and consolidated financial statements - Brockhaus Technologies<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.brockhaus-technologies.com\/en\/brockhaus-technologies-ag-non-cash-impairments-in-the-2024-annual-and-consolidated-financial-statements\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Brockhaus Technologies AG: Non-cash impairments in the 2024 annual and consolidated financial statements - 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