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    BC8   DE0005158703

BECHTLE AG

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Ad-hoc Announcement: Earnings and margin forecasts raised

07/26/2021 | 04:38am EDT
Ad-hoc Announcement: Earnings and margin forecasts raised

Neckarsulm, 26 July 2021 - Following a very positive development in earnings during the first six months of the year, Bechtle AG is raising its forecast for the full year of 2021. EBT is now expected to grow very significantly (previously: significantly) with a margin above (previously: at the same level as) the previous year. The Executive Board confirms its forecast of significant growth in revenues.

Preliminary figures for Bechtle AG suggest earnings before taxes (EBT) in the second quarter of 2021 amounting to over €80 m, which translates to an increase of nearly 40% year on year (Q2/2020: €58.1 m). This includes one-time effects through the reversal of provisions and impairments. Purely operating EBT were at approximately €71 m, an increase of over 20% compared to the previous year. Revenue in the months from April to June climbed to approximately €1,430 m, some 9% above the previous year (€1,310.5 m). The EBT margin grew in line to an expected 5.7% in Q2, or a very good 5% excluding one-time effects.

Bechtle AG will publish its Interim Report on H1 and Q2 containing the finalised numbers on 12 August 2021.

Disclaimer

Bechtle AG published this content on 26 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 July 2021 08:37:07 UTC.


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Net income 2021 222 M 260 M 260 M
Net Debt 2021 59,3 M 69,5 M 69,5 M
P/E ratio 2021 35,7x
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Mean consensus OUTPERFORM
Number of Analysts 9
Last Close Price 62,64 €
Average target price 63,86 €
Spread / Average Target 1,94%
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Thomas Olemotz Chairman-Executive Board & Chief Executive Officer
Klaus Winkler Chairman-Supervisory Board
Kurt Dobitsch Member-Supervisory Board
Uli Drautz Vice Chairman-Supervisory Board
Daniela Eberle Member-Supervisory Board
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