The German IT service provider Bechtle can also in the Corona crisis initially continue to build on the demand of its customers. The MDax group also got out Neckarsulm to feel the restrictions because of the pandemic because many projects have been postponed and there are occasional delivery difficulties hardware gave.
“However, in the industrial environment, as with our public customers, we also felt a strong surge in demand, especially in the furnishing of home offices and in technical solutions for the implementation of virtual forms of cooperation,” said CEO Thomas Olemotz on Friday according to the announcement.
Price gains
The Bechtle share rose 2.7 percent at the start of trading. In any case, the paper is one of the values that could be recovered from the Coronacrash. The Bechtle share has lost significant value in the meantime crisis meanwhile made up for again. So far, the course has won 14 percent during the year MDax a minus of 16 percent. In fact, over twelve months, the stock has won more than half.
Networks
Bechtle offers small and medium-sized enterprises (SMEs) as well as many authorities to set up and manage their IT systems and networks and also operates an online shop for IT products. For years, Bechtle has benefited from the fact that IT equipment and use in business and administration are increasing.
growth
Climbed in the first quarter sales and earnings more strongly than expected by analysts. Revenue grew by 9.3 percent year-on-year to EUR 1.36 billion. The corona restrictions had a stronger effect abroad than in Germany, where the growth was even in double digits. The online trade in home office equipment in particular provided Bechtle with hardware products in Germany sales growth of a good fifth. Bechtle sells, among other things hardware such as notebooks, headsets, conference systems and network devices.
Profit increase
Before taxes, profit rose by 13.4 percent to EUR 51.1 million, slightly more than that sales, the corresponding margin increased to 3.8 percent. The bottom line was Bechtle’s EUR 36.5 million, 15.1 percent more than a year earlier.
“Even if a reliable forecast is currently impossible and we expect a rather subdued second quarter, we are sticking to our goals for the current year,” said Olemotz. “We are currently assuming that our business will increasingly develop under normalized conditions in the course of the third quarter.”
At least five percent
Bechtle wants to do the full year sales and increase operating profit by at least 5 percent. The result should increase at least as much as that sales, the margin should increase as much as possible.
“Bechtle’s medium to long-term positive prospects are irrespective of the consequences of the corona pandemic given the ongoing digitalization still intact, ”said Olemotz. By 2030, Bechtle wants to break the sales mark of EUR 10 billion annually, in 2019 it was almost EUR 5.4 billion. In the meantime, Bechtle has 11,768 employees even after major acquisitions.
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