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Bechtle AG: Bechtle Reports Two-Digit Growth in Revenue and Earnings

DGAP-News: Bechtle AG / Key word(s): Quarter Results/Half Year Results
Bechtle AG: Bechtle Reports Two-Digit Growth in Revenue and Earnings

07.08.2015 / 07:30

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Bechtle Reports Two-Digit Growth in Revenue and Earnings

- Dynamic growth: Revenue up 13.6 per cent

- Higher profitability: EBT increases 15.5 per cent

- Executive Board reinforces forecast for 2015 as a whole

Neckarsulm, 7 August 2015 - In the second quarter of 2015, Bechtle AG
significantly stepped up its growth dynamics compared to the prior quarter.
In the period from April to June, revenue grew 13.6 per cent to EUR686.1
million. With a revenue increase of 16.4 per cent, the domestic companies
were the main growth driver. Earnings before interest and taxes (EBIT)
increased 14.2 per cent to EUR26.7 million. Like the EBIT, the EBT amounted
to EUR26.7 million, 15.5 per cent more than in the prior year. As of 30
June 2015, Bechtle had a total of 6,938 employees, 545 (8.5 per cent) more
than in the prior year.

"Bechtle picked up considerably in the second quarter. In view of the
excellent prior-year quarter, the revenue and earnings growth rates of both
segments were remarkable. We performed very well especially in Germany",
explains Dr. Thomas Olemotz, Chairman of the Executive Board of Bechtle AG.

System House & Managed Services Segment Grows Above Average
The IT system house & managed services segment increased its revenue 16.1
per cent to EUR451.5 million (prior year: EUR388.8 million). The
performance of the domestic system houses, which achieved growth of 17.0
per cent to EUR407.0 million, was especially impressive. The Austrian and
Swiss companies also underwent significant growth of 8.5 per cent to
EUR44.6 million. In the second quarter of 2015, the segment EBIT went up
6.3 per cent to EUR13.8 million (prior year: EUR13.0 million). The EBIT
margin of 3.1 per cent is nearly equivalent to that of the prior year.


IT E-Commerce Especially Strong in Germany
In the reporting period, the revenue in the IT e-commerce segment climbed
9.2 per cent to EUR234.5 million. The increase of the domestic e-commerce
companies was especially high. They boosted their revenues by 12.6 per cent
to EUR62.7 million. The international companies recorded fine growth of 8.0
per cent to EUR171.8 million. Almost all international markets of the
Bechtle Group contributed to this increase. Year on year, EBIT increased
24.2 per cent to EUR12.9 million. The margin improved from 4.8 per cent to
5.5 per cent.

Balance Sheet Underlines Financial Stability