Brockhaus Management: Depreciation increases losses

Brockhaus Management presented figures for the first nine months of the 2020 financial year on Tuesday. Due to acquisitions, the company reports sales of 33.9 million euros after 8.7 million euros in the same period of the previous year. On a pro forma basis, however, sales fell 16 percent, which society attributes to the pandemic impact. On an EBITDA basis, the operating profit increased from 0.73 million euros to 2.92 million euros. However, the write-offs in Brockhaus Management’s nine-month balance sheet have increased significantly. The bottom line is that the loss has increased from 2.36 million euros to 6.15 million euros.

“As already announced in the ad-hoc announcement of November 13, 2020, the BCM Group is assuming a single-digit percentage decline in sales for the 2020 financial year compared to the (pro forma) sales of 54.3 million euros in the previous year 2019 “, So Brockhaus Management on the outlook for the full year 2020. One also expects” significant catch-up effects in the following year 2021 “.

Security data: Brockhaus Management (BCM)
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