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Bechtle AG (BC8.DE)

XETRA - XETRA Delayed price. Currency in EUR
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170.80-1.20 (-0.70%)
At close: 5:35PM CET
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Previous close172.00
Open172.00
Bid0.00 x 5800
Ask0.00 x 5100
Day's range170.30 - 172.00
52-week range79.35 - 190.70
Volume94,840
Avg. volume148,050
Market cap7.174B
Beta (5Y monthly)1.08
PE ratio (TTM)38.28
EPS (TTM)4.46
Earnings date19 Mar 2021
Forward dividend & yield1.20 (0.70%)
Ex-dividend date28 May 2020
1y target est84.24
  • EQS Group

    Bechtle Raises Earnings Forecast for the Fiscal Year

    DGAP-News: Bechtle AG / Key word(s): Quarterly / Interim Statement/Quarter Results11.11.2020 / 07:28 The issuer is solely responsible for the content of this announcement.Bechtle Raises Earnings Forecast for the Fiscal Year- Revenue in Q3 goes up 7.4 per cent to €1.4 billion- EBIT and EBT each up 25.7 per cent- Margin significantly above prior year- Very strong cash flow developmentNeckarsulm, 11 November 2020 - Despite the ongoing COVID-19 pandemic and the persisting uncertainties, Bechtle AG continued to grow in the third quarter of 2020. From July to September 2020, the revenue went up 7.4 per cent to €1.4 billion. Earnings before interest and taxes (EBIT) increased 25.7 per cent to €73.3 million. Earnings before taxes (EBT) amounted to €71.7 million, and the EBT margin improved from 4.5 to 5.2 per cent. As of 30 September 2020, Bechtle had a total of 12,055 employees, 809 or 7.2 per cent more than in the prior year."We are extremely pleased with the performance in the third quarter. The revenue growth again reached high single-digit figures, and the earnings performance was much better than expected. Bechtle is very competitive, and our business model has proved to be highly crisis-resistant," explains Dr. Thomas Olemotz, Chairman of the Executive Board of Bechtle AG.System House & Managed Services Maintain High Growth Level As in the prior quarters, the IT System House & Managed Services segment again recorded strong revenue growth, with an increase of 9.7 per cent to €917.9 million. At 24.3 per cent, the growth was especially strong in Austria and Switzerland. In Germany, the revenue growth amounted to 7.3 per cent. Both the project business with modern workplace solutions as well as the business with multi cloud architectures delivered profitable growth. Bechtle generated further positive business impulses from its portfolio of IT infrastructure services and security services. For these reasons and due to cost savings as a result of the coronavirus pandemic, EBIT in the third quarter of 2020 increased 24.9 per cent to €50.0 million, and the EBIT margin improved from 4.8 to 5.5 per cent.IT-E-Commerce Records Significant Improvement The IT E-Commerce segment recorded revenue growth of 3.1 per cent, following a decline of 6.6 per cent in the prior quarter. The revenue of the domestic companies surged by 23.0 per cent, especially due to the strong demand of public sector clients. Outside Germany, the effects and measures to combat the COVID-19 pandemic were felt more severely, resulting in a revenue drop of 1.4 per cent. EBIT in this segment increased 27.3 per cent to €23.3 million, mainly due to the profitable product mix. The margin went up from 4.2 to 5.1 per cent.Cash Flow Performs Very WellIn the period from January to September 2020, the cash flow from operating activities underwent a substantial increase to €172.1 million (prior year: €38.7 million). This was due to factors such as the significant reduction of trade receivables. At the same time, the working capital also performed well, undergoing a decline of 4.9 per cent compared to the end of the year. The total liquidity increased to a comfortable amount of €330.9 million.Forecast for 2020 Corrected Upwards So far, Bechtle has done extremely well despite the difficult circumstances. "2020 is not over yet. The months of November and December are usually of great significance to our business performance. Nevertheless, we are confident that we will reach our goals for 2020 despite the great uncertainty and the risks that still exist in the supply chain," says Dr. Thomas Olemotz. Against the backdrop of the positive performance in the year to date, Bechtle has decided to concretise and step up its forecast for the year as a whole. The Executive Board still expects significant revenue growth of 5 to 10 per cent. However, EBT are now projected to achieve very significant growth of more than 10 per cent. The EBT margin, too, is expected to be higher in 2020 than in the prior year.Bechtle KPIs for the Third Quarter and Nine-Month Period of 2020     Q3/2020 Q3/2019 +/- 9M/2020 9M/2019 +/- Revenue €k 1,370,856 1,276,305 +7.4% 4,037,046 3,777,057 +6.9%   Domestic €k 876,538 804,664 +8.9% 2,546,035 2,351,470 +8.3%   Abroad €k 494,318 471,641 +4.8% 1,491,318 1,425,587 +4.8%   IT System House €k 917,897 837,069 +9.7% 2,670,956 2,434,122 +9.7%   IT E-Commerce €k 452,959 439,236 +3.1% 1,366,090 1,342,935 +1.7% EBIT €k 73,342 58,363 +25.7% 185,509 161,700 +14.7%   IT System House €k 50,036 40,050 +24.9% 122,698 100,691 +21.9%   IT E-Commerce €k 23,306 18,313 +27.3% 62,811 61,009 +3.0% EBIT margin % 5.4 4.6   4.6 4.3   EBT €k 71,673 57,027 +25.7% 180,787 157,741 +14.6% EBT margin % 5.2 4.5   4.5 4.2   Earnings after taxes €k 50,757 40,217 +26.2% 128,025 111,087 +15.2% Earnings per share € 1.21 0.96 +26.2% 3.05 2.64 +15.2% Cash flow from operating activities €k 132,731 53,273   172,058   38,745     Employees (as of 30 September)   12,055 11,246 +7.2%       30.09.2020 31.12.2019 +/- Liquidity1 €k 330,856 272,197 +21.6% Equity ratio % 43.7 42.4   1including time deposits and securities                                                                                                  ***The quarterly statement for the third quarter of 2020 is available for download at bechtle.com/reports.About Bechtle: Bechtle AG has 75 IT system houses in Germany, Austria and Switzerland. With 24 e-commerce companies in 14 countries, Bechtle is one of Europe's leading IT enterprises. Founded in 1983, the group is headquartered in Neckarsulm, Germany, and currently has more than 12,000 employees. Bechtle offers its 70,000+ customers from the fields of industry and trade, the public sector and the financial market a comprehensive, cross-vendor portfolio of IT infrastructure and IT operation solutions. Bechtle is listed in the MDAX and TecDAX indexes. In 2019, the company's revenue amounted to more than €5.37 billion. For more information, see bechtle.com.Contact Investor Relations Corporate Communications/Press Martin Link Sabine Brand martin.link@bechtle.com  sabine.brand@bechtle.com Tel: +49 7132 981-4149 Tel: +49 7132 981-4115   11.11.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de Language: English Company: Bechtle AG Bechtle Platz 1 74172 Neckarsulm Germany Phone: +49 7132 981-0 Fax: +49 7132 981-8000 E-mail: ir@bechtle.com Internet: bechtle.com ISIN: DE0005158703 WKN: 515870 Indices: MDAX, TecDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1146955   End of News DGAP News Service

  • EQS Group

    Bechtle AG: Q3 earnings with above-average climb

    Bechtle AG / Key word(s): Preliminary Results/Quarter ResultsBechtle AG: Q3 earnings with above-average climb26-Oct-2020 / 13:38 CET/CESTDisclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.Bechtle AG: Q3 earnings with above-average climbNeckarsulm, 26 October 2020 - Preliminary figures show Bechtle AG's earnings before taxes (EBT) in the third quarter up from €57.0 m in the previous year to over €70 m, a climb of more than 20%. Revenue in the period from July to September was at about €1,370 m, an increase of roughly 7% compared with the previous year (€1,276.3 m). The EBT margin grew accordingly and is expected to exceed 5% in Q3.Bechtle AG will publish its statement on the 3rd quarter including the finalised figures on 11 November 2020.ContactBechtle AGInvestor RelationsMartin LinkTelephone: +49 7132 981-4149ir@bechtle.com26-Oct-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de Language: English Company: Bechtle AG Bechtle Platz 1 74172 Neckarsulm Germany Phone: +49 7132 981-0 Fax: +49 7132 981-8000 E-mail: ir@bechtle.com Internet: bechtle.com ISIN: DE0005158703 WKN: 515870 Indices: MDAX, TecDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1143044   End of Announcement DGAP News Service

  • EQS Group

    Bechtle grows despite Corona crisis

    DGAP-News: Bechtle AG / Key word(s): Half Year Results/Interim Report 12.08.2020 / 07:28 The issuer is solely responsible for the content of this announcement. Bechtle grows despite Corona crisis\- Revenue up 3.9 per cent to €1.3 billion\- EBIT grows 4.3 per cent\- Margin remains at prior-year level\- Positive outlook confirmed for the year as a wholeNeckarsulm, 12 August 2020 - Despite very difficult conditions in the second quarter, Bechtle AG continued to grow. From April to June 2020, revenue increased 3.9 per cent to €1.3 billion. Meanwhile, the operating income (EBIT) improved by 4.3 per cent to €59.5 million. Pre-tax profit (EBT) amounts to €58.1 million, while the EBT margin remained at the prior-year level of 4.4 per cent. As of 30 June 2020, Bechtle had a total of 11,955 employees, 1,040 or 9.5 per cent more than the prior year.On a regional level, growth in Germany, Switzerland and Austria was particularly strong. Between April and June 2020, the Bechtle Group saw organic growth of 2.4 per cent. "The fact that we were able to continue growing during a quarter when the economy as a whole shrank by more than 10 per cent is a major success. This positive development not only highlights the major importance of IT in general, but also for the competitiveness of Bechtle's business model. In difficult times in particular, customers value our high level of competence, our broad portfolio, our financial solidity and our reliability," explains Dr Thomas Olemotz, Chairman of the Board at Bechtle AG.System House & Managed Services sees particularly strong growth In the IT System House & Managed Services segment, revenue increased 9.7 per cent to €893.9 million. The companies in Austria and Switzerland were even able to grow by 33.1 per cent thanks to strong demand from public authorities. Domestic growth amounted to 6.1 per cent. Operating income climbed 17.2 per cent to €40.2 million in the second quarter of 2020, while the EBIT margin rose from 4.2 per cent to 4.5 per cent. International markets challenging Due to its international orientation, the IT E-Commerce segment was impacted much more severely by the COVID-19 pandemic. Outside of Germany, Switzerland and Austria, state measures aimed at containing the spread of the pandemic were much more restrictive, with many countries finding themselves in complete lockdown for prolonged periods. As a result, the Bechtle businesses there faced challenging times economically, and the segment revenue in the second quarter of 2020 subsequently fell 6.6 per cent to €416.6 million. Domestic sales were around the same level as the previous year. The EBIT fell 15.0 per cent to €19.4 million, and the margin declined from 5.1 per cent to 4.6 per cent.High liquidity and low capital commitment During the first six months of 2020, operating cash flow developed very positively and rose to € 39.3 million (previous year: €-14.5 million). The ratio of working capital to revenue also improved, primarily thanks to a sharp decline in trade receivables. At €236.8 million, total liquidity remains at a very comfortable level. Positive outlook for the year confirmed During the first six months of the year, Bechtle as a whole proved relatively unaffected by the COVID-19 pandemic, posting significant growth in revenue and earnings, and thus remained within the target corridor of the planning for 2020 as a whole with regard to these two key indicators. In light of the expectation that conditions will gradually normalise again over the course of the year, Bechtle confirmes the target of at least 5 per cent growth in revenue and earnings published in March. "Once more, the pandemic has revealed the great importance of information technology. The demand for IT infrastructure and IT services remains strong, even and indeed particularly in times of Corona. Provided there will be no second wave, we remain optimistic about the rest of the year," says Dr Thomas Olemotz. Bechtle KPIs for the second quarter and first half of 2020 Q2/2020 Q2/2019 +/- H1/2020 H1/2019 +/- Revenue €k 1,310,516 1,260,804 +3.9% 2,666,190 2,500,752 +6.6% Domestic €k 840,749 797,727 +5.4% 1,669,497 1,546,806 +7.9% Abroad €k 469,767 463,077 +1.4% 996,693 953,946 +4.5% IT System House €k 893,943 814,834 +9.7% 1,753,059 1,597,053 +9.8% IT E-Commerce €k 416,573 445,970 -6.6% 913,131 903,699 +1.0% EBIT €k 59,540 57,059 +4.3% 112,167 103,337 +8.5% IT System House €k 40,173 34,271 +17.2% 72,662 60,641 +19.8% IT E-Commerce €k 19,367 22,788 -15.0% 39,505 42,696 -7.5% EBIT margin % 4.5 4.5 4.2 4.1 EBT €k 58,059 55,708 +4.2% 109,114 100,714 +8.3% EBT margin % 4.4 4.4 4.1 4.0 Earnings after taxes €k 40,800 39,193 +4.1% 77,268 70,870 +9.0% Earnings per share € 0.97 0.93 +4.1% 1.84 1.69 +9.0% Cash flow from operating activities €k 16,571 7,584 +118.5% 39,327 -14,528 +370.7% Number of employees (as of 30.06) 11,955 10,915 +9.5% 30.06.2020 31.12.2019 +/- Liquidity* €k 236,835 272,197 -13.0% Equity ratio % 42.7 42.4 * Including time deposits and securities *** The half-year report 2020 is available for download at bechtle.com/reports. About Bechtle: Bechtle AG is one of Europe's leading IT providers, with 75 systems integrators in Germany, Austria and Switzerland as well as 24 e-commerce subsidiaries in 14 European countries. Founded in 1983, the company is headquartered in the southern German town of Neckarsulm and currently employs some 12,000 people. Bechtle provides more than 70,000 customers from the industrial, trade, financial and public sectors with a comprehensive, vendor-neutral portfolio that covers all aspects of IT infrastructure and operation. Bechtle is listed on the MDAX and TecDAX indexes. In 2019, the company generated revenues of over 5.37 billion euros. For more information, see bechtle.com ContactInvestor Relations Corporate Communication/Press Martin Link Sabine Brand martin.link@bechtle.com sabine.brand@bechtle.com Tel: +49 7132 981-4149 Tel: +49 7132 981-4115 * * *12.08.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de * * * Language: English Company: Bechtle AG Bechtle Platz 1 74172 Neckarsulm Germany Phone: +49 7132 981-0 Fax: +49 7132 981-8000 E-mail: ir@bechtle.com Internet: bechtle.com ISIN: DE0005158703 WKN: 515870 Indices: MDAX, TecDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1114911 End of News DGAP News Service