DGAP-News

Bechtle AG Reports Excellent Second Quarter

DGAP-News: Bechtle AG / Key word(s): Half Year Results/Quarter Results
Bechtle AG Reports Excellent Second Quarter

08.08.2014 / 07:30

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Bechtle AG Reports Excellent Second Quarter

- Higher profitability: EBIT surges 55.9 per cent

- Market shares gained: Revenue up 16.4 per cent

- Positive impulses from all divisions

Neckarsulm, 8 August 2014 - In the second quarter of 2014, Bechtle AG
further increased its growth dynamics, which had already been strong in the
prior quarter. In the period from April to June, revenue grew 16.4 per cent
to EUR603.7 million. The trading business was the growth driver, gaining
22.6 per cent. The service segment also underwent a two-digit growth of
13.3 percent. Earnings before interest and taxes (EBIT) increased 55.9 per
cent to EUR23.3 million. The earnings performance was supported by both
segments. At plus 69.3 per cent, the system house & managed services
segment accounted for the major share. The trading business climbed 41.9
per cent. As of 30 June 2014, Bechtle had a total of 6,393 employees, 340
(5.6 per cent) more than in the prior year.

"With the excellent figures of the second quarter, we seamlessly followed
up on the strong performance of the first quarter. What is more, the
revenue and earnings growth surpassed the prior year even more
significantly than at the beginning of the year. The entire team deserves
the praise for this remarkable achievement," explains Dr. Thomas Olemotz,
Chairman of the Executive Board of Bechtle AG.

System House & Managed Services Improves Profitability
The IT system house & managed services segment increased its revenue 13.3
per cent to EUR388.8 million (prior year: EUR343.3 million). The domestic
system houses provided the primary contribution to this extremely positive
development. Their contribution to the group revenue increased 14.6 per
cent to EUR347.8 million (prior year: EUR303.3 million). In the second
quarter of 2014, the segment EBIT went up by an outstanding 69.3 per cent
to EUR13.0 million (prior year: EUR7.7 million). The EBIT margin amounted
to 3.3 per cent, compared to 2.2 per cent in the prior year.


IT E-Commerce Reports Above-Average Growth
In the reporting period, the revenue in the IT e-commerce segment climbed
22.6 per cent from EUR175.2 million to EUR214.9 million. The increase of
the foreign e-commerce companies was especially high. They boosted their
revenues 25.7 per cent to EUR159.2 million. The increase was distributed
over almost all international markets of the Bechtle Group. Domestic
revenues climbed 14.5 per cent from EUR48.6 million to EUR55.7 million.