DGAP-News

Brockhaus Capital Management AG: Successful management during the coronavirus pandemic: revenue of € 51.6 million in line with adjusted forecast - high operating margin of 24% - Seite 2

"During this coronavirus crisis, it has been imperative to show resilience against challenges. That is something we managed very well. Especially the products of our subsidiary Palas for the quality assurance of respiratory masks recorded strong demand during the pandemic. The revenue level that we achieved, combined with high profitability, is an excellent outcome in one of the most difficult fiscal years and shows that we have the right line-up as a technology group," says Marco Brockhaus, CEO of BCM.

Strong demand for Palas test rigs for quality assurance of respiratory masks

The Environmental Technologies segment, which consists of Palas, performed extremely well in the reporting period: compared with fiscal year 2019, Palas recorded revenue growth of +31% to € 18.1 million. Palas offers one of the leading technologies for high-precision measurement and characterization of even the smallest air particles, such as fine dust and nanoparticles. Since the spring of 2020, this technology has increasingly been used to test the quality of respiratory masks. In the wake of the COVID-19 pandemic, public interest in the topic of "aerosols" and the effectiveness of respiratory masks has jumped significantly. As a specialist for aerosol technology, Palas developed test rigs for respiratory masks as early as in the first quarter of 2020 and launched them successfully in the market. Among other applications, the system is used by the German government to assure the quality of masks imported from China to Germany.

Travel restrictions and social distancing requirements hamper IT infrastructure projects of IHSE customers

The Security Technologies segment, consisting of the IHSE Group, saw the postponement of customer projects due to international travel restrictions and social distancing rules, which led to a decline in revenue by -17%. This was partly offset by continuous growth in the basic business with smaller customers and primarily impacted the international markets, while the EMEA business continued to develop positively. IHSE is a global technology leader for KVM (keyboard, video, mouse) solutions, enabling highly secure, latency-reduced and loss-free data transfer in mission-critical applications such as police and fire department control rooms, air traffic control, or hospitals. Due to the relevance of KVM technology in an environment of increasing digitization and connectivity, BCM expects significant catch-up effects as the COVID-19 pandemic recedes.