Bechtle AG

  • WKN: 515870
  • ISIN: DE0005158703
  • Land: Germany

Nachricht vom 10.05.2019 | 07:30

Bechtle again reports two-digit growth

DGAP-News: Bechtle AG / Key word(s): Quarterly / Interim Statement/Quarter Results

10.05.2019 / 07:30
The issuer is solely responsible for the content of this announcement.


Bechtle again reports two-digit growth
 

- Revenue up 29.8 per cent to EUR1.2 billion

- EBT grows 27.1 per cent

- Outlook remains optimistic


Neckarsulm, 10 May 2019 - Bechtle AG has made a convincing start into the 2019 fiscal year. Despite more difficult conditions, the company was able to boost its revenue in the first quarter of 2019 by 29.8 per cent to EUR1,239.9 million. This means that for the first time Bechtle passed the billion euros revenue mark in a first quarter. Earnings before taxes (EBT) went up 27.1 per cent to EUR45.0 million. The EBT margin was 3.6 per cent; only slightly lower than in the prior year. As of 31 March 2019, Bechtle had 10,334 employees; an increase of 1,707 people or 19.8 per cent.

At 15.3 per cent, organic revenue growth was also in the two-digit range. "Considering the clearly deteriorated economic conditions, the development of Bechtle in the first quarter is truly impressive. The fact that we have again achieved a two-digit growth rate already at the start of the year demonstrates the strength of our business model," explains Dr. Thomas Olemotz, Chairman of the Executive Board of Bechtle AG.

System House business grows mainly organically
In the IT System House & Managed Services segment, Bechtle increased its revenue for the period from January to March 2019 by 18.8 per cent to EUR782.2 million. The organic growth rate was 16.6 per cent. Besides the very positive development in Germany, the system houses abroad also made a major contribution to this development. EBIT went up 9.5 per cent to EUR26.4 million. The EBIT margin thus amounted to 3.4 per cent.

Growth Driver: E-Commerce
In the first quarter, the IT E-Commerce segment recorded a revenue increase of 54.0 per cent. The acquisition of the French Inmac WStore had a noticeable effect here. The organic revenue increase amounted to 12.3 per cent. Almost all countries reported two-digit growth rates. The growth was especially strong in our companies in Benelux, the United Kingdom and Italy. Despite the higher depreciation and amortisation due to the acquisition, EBIT surged by 70.9 per cent. The EBIT margin improved to 4.3 per cent.

Attractive employer
As of 31 March 2019, Bechtle had a total of 10,334 employees. Year on year, this means an increase of 1,707 people or 19.8 per cent. In the period from January to March alone, more than 300 employees joined Bechtle. "Bechtle is an attractive and reliable employer in the IT market. In view of the shortage of qualified staff, it is vital for a dynamically growing company like Bechtle to continue to find qualified employees and to bond them to the company on a permanent basis," says Dr. Thomas Olemotz.

Positive Outlook for the Year
The Executive Board affirms its forecast for the full year 2019 to increase sales and earnings very significantly. "Bechtle made an impressive start into the year. Despite the still tense macroeconomic situation, we regard the first quarter as a good basis for a successful 2019 fiscal year," says Dr. Thomas Olemotz.


Bechtle KPIs for the first quarter of 2019

    Q1 2019 Q1 2018 +/-
Revenue EURk 1,239,948 955,389 +29.8%
  Domestic EURk 749,079 653,733 +14.6%
  Abroad EURk 490,869 301,656 +62.7%
  IT System House EURk 782,219 658,182 +18.8%
  IT E-Commerce EURk 457,729 297,207 +54.0%
EBIT EURk 46,278 35,718 +29.6%
  IT System House EURk 26,370 24,072 +9.5%
  IT E-Commerce EURk 19,908 11,646 +70.9%
EBIT margin % 3.7 3.7  
EBT EURk 45,006 35,400 +27.1%
EBT margin % 3.6 3.7  
Earnings after taxes EURk 31,677 24,849 +27.5%
Earnings per share EUR 0.75 0.59 +27.5%
Cash flow from operating activities EURk -22,112 13,939  
Employees   10,334 8,627 +19.8%
 
    2019-03-31 2018-12-31 +/-
Liquidity* EURk 191,577 250,922 -23.7%
Equity ratio % 43.0 43.6  
 

* Including time deposits and securities

                                                                            ***
 

The statement for the first quarter of 2019 is available for download at www.bechtle.com/reports.


About Bechtle:
Bechtle AG has about 70 IT system houses in Germany, Austria and Switzerland. With its e-commerce companies in 14 countries, Bechtle is one of Europe's leading online IT enterprises. Founded in 1983, the group is headquartered in Neckarsulm, Germany, and currently has more than 10,000 employees. Bechtle offers its more than 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 2018, the company's revenue amounted to more than EUR4.3 billion. For more information, see bechtle.com.


Contact

Investor Relations
Martin Link
martin.link@bechtle.com
Phone: +49 7132 981-4149
Corporate Communications/Press
Sabine Brand
sabine.brand@bechtle.com
Phone: +49 7132 981-4115


10.05.2019 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.

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