Bechtle AG Revises Full-Year Forecast

Neckarsulm, 18 July 2024 – Bechtle AG has revised its full-year forecast based on preliminary figures for the second quarter of 2024. The company's performance fell short of expectations due to continued reluctance to invest, particularly in the SME sector and muted public-sector business. The traditionally strong end of the quarter was weaker than anticipated.

Bechtle's business volume totaled approximately €1,830 million, marking a 1% increase compared to the same period last year. However, revenue fell by 2%, and earnings before taxes (EBT) amounted to around €83 million, significantly below internal consensus. The EBT margin is expected to be 5.6%.

Given these figures, the Executive Board has revised its full-year forecast, now expecting performance to be on par with the previous year in terms of business volume, revenue, earnings, and EBT margin. The final report for the first half and second quarter will be published on 09 August 2024.