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Bechtle AG: Continued Success Story with Strong Third Quarter
DGAP-News: Bechtle AG / Key word(s): Quarter Results/Change in Forecast
Bechtle AG: Continued Success Story with Strong Third Quarter
11.11.2016 / 07:29
The issuer is solely responsible for the content of this announcement.
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Bechtle AG: Continued Success Story with Strong Third Quarter
11.11.2016 / 07:29
The issuer is solely responsible for the content of this announcement.
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Bechtle AG: Continued Success Story with Strong Third Quarter
- Revenue up 6.4 per cent
- EBT climbs 9.4 per cent
- Outlook for the year adjusted upwards
Neckarsulm, 11 November 2016 - Bechtle AG continued its success story in
the third quarter of 2016. From July to September, the revenue increased
6.4 per cent to EUR730.0 million. Earnings before interest and taxes (EBIT)
went up 5.9 per cent to EUR35.2 million. Earnings before taxes (EBT)
climbed 9.4 per cent to EUR36.3 million. The EBT margin thus reached 5.0
per cent (prior year: 4.8 per cent). As of 30 September 2016, Bechtle had a
total of 7,645 employees, 491 (6.9 per cent) more than in the prior year.
"We are very pleased with the performance in the third quarter. In Germany
and abroad, both business segments contributed to the group's growth,
supporting our positive outlook for the year as a whole", says Dr. Thomas
Olemotz, Chairman of the Executive Board of Bechtle AG.
Above-average growth in earnings from services
The IT system house & managed services segment increased its revenue 6.0
per cent to EUR495.5 million. The growth was widely backed by stable
customer demand for conventional system house services as well as for
services related to modern IT architectures, such as application solutions
as well as managed and cloud services. In the third quarter of 2016,
segment EBIT surged by an above-average 14.6 per cent to EUR23.3 million.
The EBIT margin was 4.7 per cent (prior year: 4.3 per cent).
E-commerce records significant revenue increase
In the reporting period, the revenue in the IT e-commerce segment climbed
7.3 per cent to EUR234.5 million. The increase of the domestic companies
was especially high. These companies boosted their revenues by 8.1 per cent
to EUR69.7 million. The other 13 European countries went up 6.9 per cent to
EUR164.8 million. However, EBIT declined by EUR1.0 million. This was due to
the higher cost base in view of the future growth. Nevertheless, the margin
amounted to an excellent 5.1 per cent.
Number of employees rising
As of the reporting date 30 September 2016, the Bechtle Group had a total
of 7,645 employees, including 516 trainees. Compared to 30 September 2015,
- Revenue up 6.4 per cent
- EBT climbs 9.4 per cent
- Outlook for the year adjusted upwards
Neckarsulm, 11 November 2016 - Bechtle AG continued its success story in
the third quarter of 2016. From July to September, the revenue increased
6.4 per cent to EUR730.0 million. Earnings before interest and taxes (EBIT)
went up 5.9 per cent to EUR35.2 million. Earnings before taxes (EBT)
climbed 9.4 per cent to EUR36.3 million. The EBT margin thus reached 5.0
per cent (prior year: 4.8 per cent). As of 30 September 2016, Bechtle had a
total of 7,645 employees, 491 (6.9 per cent) more than in the prior year.
"We are very pleased with the performance in the third quarter. In Germany
and abroad, both business segments contributed to the group's growth,
supporting our positive outlook for the year as a whole", says Dr. Thomas
Olemotz, Chairman of the Executive Board of Bechtle AG.
Above-average growth in earnings from services
The IT system house & managed services segment increased its revenue 6.0
per cent to EUR495.5 million. The growth was widely backed by stable
customer demand for conventional system house services as well as for
services related to modern IT architectures, such as application solutions
as well as managed and cloud services. In the third quarter of 2016,
segment EBIT surged by an above-average 14.6 per cent to EUR23.3 million.
The EBIT margin was 4.7 per cent (prior year: 4.3 per cent).
E-commerce records significant revenue increase
In the reporting period, the revenue in the IT e-commerce segment climbed
7.3 per cent to EUR234.5 million. The increase of the domestic companies
was especially high. These companies boosted their revenues by 8.1 per cent
to EUR69.7 million. The other 13 European countries went up 6.9 per cent to
EUR164.8 million. However, EBIT declined by EUR1.0 million. This was due to
the higher cost base in view of the future growth. Nevertheless, the margin
amounted to an excellent 5.1 per cent.
Number of employees rising
As of the reporting date 30 September 2016, the Bechtle Group had a total
of 7,645 employees, including 516 trainees. Compared to 30 September 2015,
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