EQS-News

Bechtle Affirms Forecast for the Year As a Whole

EQS-News: Bechtle AG / Key word(s): Quarterly / Interim Statement/Quarter Results Bechtle Affirms Forecast for the Year As a Whole 08.05.2024 / 07:29 CET/CEST The issuer is solely responsible for the content of this announcement. Bechtle Affirms Forecast for the Year As a Whole

 

• Business volume up by 3.4 per cent
• Strong software business as a key driver
• EBT increases by 2.8 per cent to €82.0 million
• Operating cash flow of €45.3 million clearly above previous year
• Outlook for the year as a whole remains optimistic

 

Neckarsulm, 8 May 2024 - Bechtle AG delivered solid performance in the first quarter of 2024. Despite the high comparative figures from the previous year, the business volume increased by 3.4 per cent to €1,951.0 million. The software business was the main growth driver. Accordingly, revenue fell slightly by 2.3 per cent. Due mainly to the positive development of gross earnings, earnings before taxes (EBT) increased by 2.8 per cent to €82.0 million. The EBT margin thus rose from 5.2 per cent to 5.5 per cent.

 

"We have made a solid start to our fiscal year and see the signs of increasing growth momentum in the coming quarters", says Dr. Thomas Olemotz, Chairman of the Executive Board of Bechtle AG. In Germany especially, the delayed release of the budget has led to a postponement of government contracts. However, this should resolve itself as the year progresses. In addition, our SME customers in particular continue to be reluctant to invest, although we were able to compensate for this to some extent thanks to our broad international presence. The business volume has developed very differently across Europe. While Bechtle was able to grow internationally by 14.3 per cent, the business volume in Germany declined by 4.1 per cent.