Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Xetra  >  Bechtle AG    BC8   DE0005158703

BECHTLE AG

(BC8)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Bechtle : Quarterly Statement 3.2020

11/11/2020 | 04:03am EST

3 R D Q U A R T E R 2 0 2 0

QUARTERLY STATEMENT AS OF 30 SEPTEMBER 2020

Your strong IT partner. Today and tomorrow.

KEY FIGURES OF THE BECHTLE GROUP AT A GLANCE

01.01-

01.01-

Change

30.09.2020

30.09.2019 

in %

Revenue

€k

4,037,046

3,777,057

6.9

  IT System House & Managed Services

€k

2,670,956

2,434,122

9.7

  IT E-Commerce

€k

1,366,090

1,342,935

1.7

EBITDA

€k

257,611

221,273

16.4

  IT System House & Managed Services

€k

175,681

142,321

23.4

  IT E-Commerce

€k

81,930

78,952

3.8

EBIT

€k

185,509

161,700

14.7

  IT System House & Managed Services

€k

122,698

100,691

21.9

  IT E-Commerce

€k

62,811

61,009

3.0

EBIT margin

%

4.6

4.3

  IT System House & Managed Services

%

4.6

4.1

  IT E-Commerce

%

4.6

4.5

EBT

€k

180,787

157,741

14.6

EBT margin

%

4.5

4.2

Earnings after taxes

€k

128,025

111,087

15.2

Earnings per share

3.05

2.64

15.2

Return on equity1

%

17.6

17.6

Cash flow from operating activities

€k

172,058

38,745

Number of employees (as of 30.09)

12,055

11,246

7.2

  IT System House & Managed Services

9,571

8,834

8.3

  IT E-Commerce

2,484

2,412

3.0

30.09.2020

Change

31.12.2019

in %

Cash and cash equivalents2

€k

330,856

272,197

21.6

Working Capital

€k

616,057

647,728

−4.9

Equity ratio

%

43.7

42.4

1 Annualised

2 Incl. time deposits and securities

REVIEW BY QUARTER 2020

Revenue

€k

EBITDA

€k

EBIT

€k

EBT

€k

EBT margin

%

Earnings after taxes

€k

1st Quarter

2nd Quarter

3rd Quarter

4th Quarter

2020 FY

01.01- 31.03

01.04- 30.06

01.07- 30.09

01.10- 31.12

01.01- 30.09

1,355,674

1,310,516

1,370,856

4,037,046

76,185

83,879

97,547

257,611

52,627

59,540

73,342

185,509

51,055

58,059

71,673

180,787

3.8

4.4

5.2

4.5

36,468

40,800

50,757

128,025

3

EARNINGS POSITION

In the third quarter of 2020, the Bechtle Group again recorded high growth despite the ongoing COVID- 19 pandemic and the great uncertainty it has caused.

As of 30 September, the order backlog amounted to €854 million (prior year: €689 million). Of this amount, the IT System House & Managed Services segment accounted for €690 million (prior year: €570 million), and the IT E-Commerce segment for €164 million (prior year: €119 million).

Year on year, the revenue went up 7.4 per cent to €1,370.9 million. The organic revenue growth amounted­ to 6.3 per cent.

GROUP REVENUE

€m

1,597.4

1,353.4

1,239.9

1,260.8

1,276.3

1,355.7

1,310.5 1,370.9

1,070.9

1,049.6

955.4

965.0

803.1

822.2

873.9

Q1/17

Q2/17

Q3/17

Q4/17

Q1/18

Q2/18

Q3/18

Q4/18

Q1/19

Q2/19

Q3/19

Q4/19

Q1/20

Q2/20

Q3/20

The IT System House & Managed Services segment increased revenue by 9.7 per cent, thus maintaining the high growth rate of the prior two quarters. In the third quarter, the companies in Austria and Switzerland again posted particularly strong growth of 24.3 per cent, with an organic increase of

19.6 per cent. In the IT E-Commerce segment, the increase amounted to 3.1 per cent. This represents a major improvement over the prior quarter, in which the segment had suffered a decline of 6.6 per cent. In this segment, Germany was the growth driver, with an increase of 23.0 per cent.

Bechtle AG Quarterly Statement as of 30 September 2020

4

REVENUE BY SEGMENTS

€m

0

250

500

750

1,000

1,250

1,500

1,750

2,000

Total

Q3/2019

837.1

439.2

1,276.3

1,370.9

Q3/2020

917.9

453.0

(+ 7.4%)

IT System House & Managed Services   

IT E-Commerce

The revenue of the companies abroad increased by 4.8 per cent. This item was still affected by the COVID-19 restrictions, some of which were stricter and longer. The German companies recorded strong growth of 8.9 per cent.

REVENUE - GROUP AND SEGMENTS

€k

Q3/2020

Q3/2019

Change

Group

1,370,856

1,276,305

+7.4%

Domestic

876,538

804,664

+8.9%

Abroad

494,318

471,641

+4.8%

IT System House & Managed Services

917,897

837,069

+9.7%

IT E-Commerce

452,959

439,236

+3.1%

Gross earnings increased 8.3 per cent, and the gross margin went up slightly from 14.9 per cent to 15.0 per cent. While personnel expenses and depreciation and amortisation - which are included in the cost of sales - underwent a disproportionately high increase, the other operating expenses dropped by 19.3 per cent. This was due to savings made as a result of the coronavirus pandemic, especially with regard to travel expenses. At 7.0 per cent, material costs rose slightly less than proportionately, thus also contributing to the positive development of the gross margin.

Costs in the functional areas sales and administration both underwent a below-average increase.

Administrative expenses increased 2.1 per cent, and the corresponding ratio dropped slightly from

  1. per cent to 4.7 per cent. Due to the savings as mentioned above, distribution costs even fell by
  1. per cent, and the expense ratio went down from 5.9 per cent to 5.4 per cent. Other operating income climbed 4.6 per cent to €6.2 million.

Year on year, EBITDA grew 22.4 per cent, and the EBITDA margin went up from 6.2 per cent to 7.1 per cent.

Depreciation and amortisation increased by 13.4 per cent to €24.2 million. As previously, depreciation of property, plant and equipment accounted for the largest share of the depreciation and amortisa- tion, rising from €17.9 million to €20.1 million.

EBIT gained 25.7 per cent to €73.3 million. The margin was 5.4 per cent, compared to 4.6 per cent in the prior year.

The EBT performance was similar, increasing 25.7 per cent to €71.7 million. As a result, the EBT ­margin improved from 4.5 per cent to 5.2 per cent.

Bechtle AG Quarterly Statement as of 30 September 2020

5

EBT AND EBT MARGIN

€m and %

3.9

4.4

4.8

4.9

3.7

4.5

4.4

5.0

3.6

4.4

4.5

4.9

3.8

4.4

5.2

78.6

68.2

71.7

55.7

57.0

58.1

52.9

51.1

43.6

46.1

45.0

42.2

36.2

35.4

31.5

Q1/17

Q2/17

Q3/17

Q4/17

Q1/18

Q2/18

Q3/18

Q4/18

Q1/19

Q2/19

Q3/19

Q4/19

Q1/20

Q2/20

Q3/20

The tax rate declined slightly from 29.5 per cent to 29.2 per cent. Earnings after taxes went up 26.2 per cent to €50.8 million. EPS amounted to €1.21 (prior year: €0.96).

In the segments, the earnings situation was as follows: In the IT System House & Managed Services segment, EBIT increased 24.9 per cent to €50.0 million. On the one hand, there was an increased share of higher-margin services. On the other hand, corona-related cost savings led to a decline in other operating expenses. The EBIT margin went up from 4.8 per cent to 5.5 per cent.

EBIT in the IT E-Commerce segment climbed 27.3 per cent to €23.3 million. Firstly, this item was affected by savings in distribution costs. Secondly, the product mix in the third quarter had a positive effect on the margin. Year on year, the EBIT margin thus underwent a significant increase from 4.2 per cent to 5.1 per cent.

EBIT - GROUP AND SEGMENTS

€k

Q3/2020

Q3/2019

Change

Group

73,342

58,363

+25.7%

IT System House & Managed Services

50,036

40,050

+24.9%

IT E-Commerce

23,306

18,313

+27.3%

Bechtle AG Quarterly Statement as of 30 September 2020

6

ASSETS AND FINANCIAL POSITION

The balance sheet total of the Bechtle Group as of 30 September 2020 stood at €2,504.2 million, 4.6 per cent more than as of 31 December 2019.

On the non-current assets side, goodwill and property, plant and equipment went up by €45.5 million and €26.9 million, respectively, due especially to acquisitions. The increase of €19.2 million in trade receivables reflects the higher number of large projects. The capitalisation ratio climbed from 35.3 per cent to 37.5 per cent.

Under the current assets, inventories increased by €71.3 million due to stock reserved for large projects and other reasons. However, compared to the level as of 30 June 2020, the inventories went down. As of 30 September 2020, trade receivables underwent a significant decline of €147.7 million. In the first nine months of 2020, our average DSO (days sales outstanding) dropped from 42.2 days to

41.2 days year on year. Especially in view of the tense macroeconomic situation, this notable achieve- ment underlines the effectiveness of our receivables management. Owing to a higher number of maintenance agreements and other factors, other assets increased by €35.0 million. As of 30 Sep- tember 2020, cash and cash equivalents went up to €290.9 million. The total liquidity of the Bechtle Group thus amounts to a comfortable €330.9 million.

LIQUIDITY (INCLUDING TIME DEPOSITS AND SECURITIES)

€m

330.9

250.9

272.2

285.1

236.8

174.8

191.6

154.9

140.9

134.1

118.4

104.0

115.7

104.4

83.0

Q1/17

Q2/17

Q3/17

Q4/17

Q1/18

Q2/18

Q3/18

Q4/18

Q1/19

Q2/19

Q3/19

Q4/19

Q1/20

Q2/20

Q3/20

The working capital dropped from €647.7 million to €616.1 million as of 30 September 2020. Even though inventories were further built up, this was more than compensated for by a substantial reduction of trade receivables and a lower reduction of the trade payables. In relation to the revenue, the working capital declined from 18.8 per cent as of 30 September 2019 to 15.3 per cent as of the reporting date.

On the equity and liabilities side, non-current liabilities experienced the greatest change. Due to a loan raised to finance acquisitions, financial liabilities went up €49.9 million.

Under the current liabilities, especially the trade payables dropped by €49.2 million in relation to the reporting date. Owing to factors such as the lower liabilities to personnel and VAT tax liabilities, other liabilities declined by €24.4 million.

Bechtle AG Quarterly Statement as of 30 September 2020

7

The equity increased by €80.3 million. Our equity ratio went up from 42.4 per cent as of 31 December 2019 to 43.7 per cent as of the reporting date. The extrapolated return on equity remained at the high prior-year level of 17.6 per cent.

EQUITY RATIO

%

59.0

58.5

58.7

53.9

57.6

56.5

46.7

44.5

43.6

43.0

42.7

42.4

43.0

42.7

43.7

Q1/17

Q2/17

Q3/17

Q4/17

Q1/18

Q2/18

Q3/18

Q4/18

Q1/19

Q2/19

Q3/19

Q4/19

Q1/20

Q2/20

Q3/20

In the period from January to September 2020, the cash flow from operating activities totalled €172.1 million (prior year: €38.7 million). This was due especially to the significant reduction of trade receivables, a lower build-up of inventories and a lower reduction of trade payables.

CASH FLOW FROM OPERATING ACTIVITIES

€m

147.2

132.7

98.2

53.3

44.0

33.6

35.0

22.8

16.6

13.9

7.6

−6.3

−6.6

−17.0

−22.1

Q1/17

Q2/17

Q3/17

Q4/17

Q1/18

Q2/18

Q3/18

Q4/18

Q1/19

Q2/19

Q3/19

Q4/19

Q1/20

Q2/20

Q3/20

Bechtle AG Quarterly Statement as of 30 September 2020

8

The cash flow from investing activities amounted to −€125.1 million (prior year: −€60.0 million). This was caused especially by the higher outflow for acquisitions as well as the outflow for the purchase of time deposits and securities. The cash flow from financing activities was at −€27.1 million compared to −€71.7 million in the prior year due to the assumption of new financial activities.

In the period from January to September, the free cash flow reached an excellent figure of €87.2 million (prior year: −€27.0 million).

EMPLOYEES

As of the reporting date 30 September 2020, the Bechtle Group had a total of 12,055 employees, 809 persons or 7.2 per cent more than on 30 September 2019. Compared to 31 December 2019, the headcount went up by 568. The increase of 4.9 per cent was the result of new recruitment as well as acquisitions.

EMPLOYEES IN THE GROUP

11,768

11,955

12,055

11,487

10,915

11,246

10,005

10,334

9,651

8,627

8,790

8,353

8,199

7,909

7,708

Q1/17

Q2/17

Q3/17

Q4/17

Q1/18

Q2/18

Q3/18

Q4/18

Q1/19

Q2/19

Q3/19

Q4/19

Q1/20

Q2/20

Q3/20

In the IT System House & Managed Services segment, the number of employees went up by 737 compared to 30 September 2019, an increase of 8.3 per cent. At 19.2 per cent, the headcount increase in the system houses abroad was significantly higher than in Germany, an effect that was also ­acquisition-related. In Germany, the number of employees grew by 6.7 per cent. Compared to

Bechtle AG Quarterly Statement as of 30 September 2020

9

30 September 2019, the headcount in the IT E-Commerce segment went up by 72. At 3.5 and 2.8 per cent, respectively, both the companies in Germany and those abroad merely underwent growth regarding the employee figures.

The average headcount in the group in the period from January to September 2020 amounted to 11,876, some 1,153 employees more than in the corresponding prior-year period, an increase of 10.8 per cent.

EMPLOYEES BY SEGMENTS

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

10,000

11,000

12,000

Total

Q3/19

8,834

2,412

11,246

11,487

Q4/19

9,097

2,390

12,055

9,571

2,484

Q3/20

(+ 7.2%)

vs. Q3/19

IT System House & Managed Services 

IT E-Commerce

As of 30 September 2020, Bechtle had 699 young trainees and students on integrated degree pro- grammes, 15 fewer than in the prior year. At the start of the new training year on 1 September 2020, a total of 216 young people embarked on their career with Bechtle.

FORECAST

The 2020 fiscal year is overshadowed by the numerous effects of the COVID-19 pandemic. Since March - and now again to an increased extent - the macroeconomic framework conditions and their development are subject to great uncertainty. So far, Bechtle has done extremely well despite these difficulties. In the first nine months, the revenue went up 6.9 per cent, and EBT even increased 14.6 per cent. In view of this positive development, we are confident that we will reach our goals for 2020 despite the high uncertainty and the risks that still exist in the supply chain. However, this greatly depends on the further course of the pandemic in the fourth quarter. Due to the seasonality that the business of Bechtle AG is typically subject to, the months of November and December are critical to the success of a fiscal year. Provided that the restrictions due to the coronavirus pandemic are not drastically intensified throughout Europe in the coming weeks, and especially the business landscape does not suffer another total lockdown, we concretise and raise our forecast of March 2020. As previ- ously, we are aiming for significant revenue growth of 5 to 10 per cent. However, against the backdrop of the positive earnings and margin performance in the year to date, we are increasing our forecast with regard to these indicators. We now expect very significant EBT growth (previously: significant). Our original projection in respect of the EBT margin performance was that we intend to keep it at least at the prior-year level. We now expect the EBT margin for 2020 to be above that of the prior year. Apart from this, the forecast as presented on pages 111 to 118 of the Annual Report 2019 has not seen any changes and has not been further concretised.

Bechtle AG Quarterly Statement as of 30 September 2020

10

CONSOLIDATED INCOME STATEMENT

€k

01.07-

01.07-

01.01-

01.01-

30.09.2020

30.09.2019

30.09.2020

30.09.2019

Revenue

1,370,856

1,276,305

4,037,046

3,777,057

Cost of sales

1,165,136

1,086,326

3,431,911

3,229,853

Gross profit

205,720

189,979

605,135

547,204

Distribution costs

74,425

74,718

229,662

221,650

Administrative expenses

64,189

62,858

205,719

186,190

Other operating income

6,236

5,960

15,755

22,336

Earnings before interest and taxes

73,342

58,363

185,509

161,700

Financial income

230

249

737

828

Financial expenses

1,899

1,585

5,459

4,787

Earnings before taxes

71,673

57,027

180,787

157,741

Income taxes

20,916

16,810

52,762

46,654

Earnings after taxes

(attributable to shareholders of Bechtle AG)

50,757

40,217

128,025

111,087

Net earnings per share (basic and diluted)

1.21

0.96

3.05

2.64

Weighted average shares outstanding

(basic and diluted)

in thousands

42,000

42,000

42,000

42,000

Bechtle AG Quarterly Statement as of 30 September 2020

11

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

€k

01.07-

01.07-

01.01-

01.01-

30.09.2020

30.09.2019

30.09.2020

30.09.2019

Earnings after taxes

50,757

40,217

128,025

111,087

Other comprehensive income

Items that will not be reclassified to profit or loss in subsequent periods

Actuarial gains and losses on pension provisions

192

−214

−1,447

200

Income tax effects

−25

41

290

−38

Items that will be reclassified to profit or loss in subsequent periods

Unrealised gains and losses on financial derivatives

−48

−58

−171

−174

Income tax effects

−3

1

1

2

Currency translation differences of net investments

in foreign operations

2,491

−1,334

4,937

−2,090

Income tax effects

−739

397

−1,466

621

Currency translation differences

−2,609

2,746

580

4,505¹

Other comprehensive income

−741

1,579

2,724

3,026¹

of which income tax effects

−767

439

−1,175

585

Total comprehensive income

50,016

41,796

130,749

114,113¹

(attributable to shareholders of Bechtle AG)

¹ Prior year adjusted

Bechtle AG Quarterly Statement as of 30 September 2020

12

CONSOLIDATED BALANCE SHEET

ASSETS

€k

30.09.2020

31.12.2019

30.09.2019

Non-current assets

Goodwill

443,046

397,592

373,643

Other intangible assets

116,239

119,303

121,435

Property, plant and equipment

307,589

280,685

259,553

Trade receivables

57,351

38,148

29,997

Deferred taxes

7,047

3,914

4,589

Other assets

7,270

6,729

6,469

Total non-current assets

938,542

846,371

795,686

Current assets

Inventories

356,848

285,574

367,995

Trade receivables

714,621

862,323

735,117

Income tax receivables

2,210

2,022

860

Other assets

161,131

126,180

94,603

Time deposits and securities

40,001

0

0

Cash and cash equivalents

290,855

272,197

154,858

Total current assets

1,565,666

1,548,296

1,353,433

Total assets

2,504,208

2,394,667

2,149,119

Bechtle AG Quarterly Statement as of 30 September 2020

13

EQUITY AND LIABILITIES

€k

30.09.2020

31.12.2019

30.09.2019

Equity

Issued capital

42,000

42,000

42,000

Capital reserves

124,228

124,228

124,228

Retained earnings

928,963

848,614

789,089

Total equity

1,095,191

1,014,842

955,317

Non-current liabilities

Pension provisions

32,086

30,702

19,579

Other provisions

10,547

10,081

11,848

Financial liabilities

423,740

373,874

376,923

Trade payables

11,406

13

17

Deferred taxes

37,676

33,180

40,571

Other liabilities

103,021

98,025

82,176

Contract liabilities

21,786

19,353

14,034

Deferred income

3,313

1,481

1,486

Total non-current liabilities

643,575

566,709

546,634

Current liabilities

Other provisions

15,465

12,805

15,286

Financial liabilities

22,582

13,801

13,219

Trade payables

357,566

406,807

312,826

Income tax payables

21,286

19,859

11,460

Other liabilities

207,335

231,776

177,363

Contract liabilities

108,869

105,369

90,171

Deferred income

32,339

22,699

26,843

Total current liabilities

765,442

813,116

647,168

Total equity and liabilities

2,504,208

2,394,667

2,149,119

Bechtle AG Quarterly Statement as of 30 September 2020

14

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

€k

Retained earnings

Total equity

Changes in

(attributable to

Capital

Accrued

equity outside

shareholders of

Issued capital

reserves

profits

profit or loss

Total

Bechtle AG)

Equity as of 1 January 2019

42,000

124,228

711,583

5,393

716,976

883,204

Distribution of profits for 2018

−42,000

−42,000

−42,000

Earnings after taxes

111,087

111,087

111,087

Other comprehensive income

3,0261

3,0261

3,0261

Total comprehensive income

0

0

111,087

3,026¹

114,113¹

114,113¹

Equity as of 30 September 2019

42,000

124,228

780,670

8,419

789,089

955,317

Equity as of 1 January 2020

42,000

124,228

840,067

8,547

848,614

1,014,842

Distribution of profits for 2019

−50,400

−50,400

−50,400

Earnings after taxes

128,025

128,025

128,025

Other comprehensive income

2,724

2,724

2,724

Total comprehensive income

0

0

128,025

2,724

130,749

130,749

Equity as of 30 September 2020

42,000

124,228

917,692

11,271

928,963

1,095,191

¹ Prior year adjusted

Bechtle AG Quarterly Statement as of 30 September 2020

15

CONSOLIDATED CASH FLOW STATEMENT

€k

01.07-

01.07-

01.01-

01.01-

30.09.2020

30.09.2019

30.09.2020

30.09.2019

Operating activities

Earnings before taxes

71,673

57,027

180,787

157,741

Adjustment for non-cash expenses and income

Financial earnings

1,669

1,336

4,722

3,959

Depreciation and amortisation of intangible assets and property, plant

and equipment

24,205

21,339

72,102

59,573

Gains and losses on disposal of intangible assets and property, plant

and equipment

−846

−8

−831

−38

Other non-cash expenses and income

2,808

4,710

10,922

6,323

Changes in net assets

Changes in inventories

33,266

−6,583

−71,924

−85,850

Changes in trade receivables

26,330

38,761

124,738

28,194

Changes in trade payables

12,760

−37,710

−39,367

−63,471

Changes in deferred income

−9,107

−3,038

−401

526

Changes in other net assets

−11,818

−7,784

−54,200

−18,521

Income taxes paid

−18,209

−14,777

−54,490

−49,691

Cash flow from operating activities

132,731

53,273

172,058

38,745

Investing activity

Cash paid for acquisitions less cash acquired

−5,514

−4,784

−55,298

−23,697

Cash paid for investments in intangible assets and property, plant and equipment

−12,365

−4,626

−39,018

−44,714

Cash received from the sale of intangible assets and property, plant and equipment

5,144

1,813

9,467

2,654

Cash paid for acquisitions of time deposits and securities

0

0

−40,001

0

Cash received from the sale of time deposits and securities, and from redemptions

of non-current assets

0

0

0

5,542

Interest payments received

−713

340

−267

659

Cash flow from investing activities

−13,448

−7,257

−125,117

−59,556

Financing activities

Cash paid for the repayment of financial liabilities

−3,182

−3,321

−9,698

−9,922

Cash received from the assumption of financial liabilities

−6,815

5

68,345

5,917

Dividend paid

0

0

−50,400

−42,000

Interest paid

−619

−622

−877

−2,147

Outflow for the repayment of finance leases

−12,872

−6,914

−34,435

−23,498

Cash flow from financing activities

−23,488

−10,852

−27,065

−71,650

Exchange-rate-related changes in cash and cash equivalents

−1,774

1,316

−1,218

1,940

Changes in cash and cash equivalents

94,021

36,480

18,658

−90,521

Cash and cash equivalents at beginning of the period

196,834

118,378

272,197

245,379

Cash and cash equivalents at the end of the period

290,855

154,858

290,855

154,858

Bechtle AG Quarterly Statement as of 30 September 2020

16

FINANCIAL CALENDAR

Q U A R T E R LY S TAT E M E N T 3 R D Q U A R T E R 2 0 2 0 ( 3 0 S E P T E M B E R )

Wednesday, 11 November 2020

A N N U A L R E P O R T 2 0 2 0

Friday, 19 March 2021

A C C O U N T S P R E S S C O N F E R E N C E

Friday, 19 March 2021

A N A LY S T S ' C O N F E R E N C E

Friday, 19 March 2021

Q U A R T E R LY S TAT E M E N T 1 S T Q U A R T E R 2 0 2 1 ( 3 1 M A R C H )

Tuesday, 11 May 2021

A N N U A L G E N E R A L M E E T I N G

Tuesday, 15 June 2021

H A L F -Y E A R F I N A N C I A L R E P O R T 2 0 2 1 ( 3 0 J U N E )

Thursday, 12 August 2021

Q U A R T E R LY S TAT E M E N T 3 R D Q U A R T E R 2 0 2 1 ( 3 0 S E P T E M B E R )

Thursday, 11 November 2021

See bechtle.com/financial-calendarfor further dates and changes.

Bechtle AG Quarterly Statement as of 30 September 2020

Publisher/Contact

Bechtle AG

Bechtle Platz 1

74172 Neckarsulm

Germany

Investor Relations

Martin Link

Julia Hofmann

Ilka Freund

Phone +49 7132 981-4149

Phone +49 7132 981-4153

Phone +49 (0) 7132 981-3378

martin.link@bechtle.com

julia.hofmann@bechtle.com

ilka.freund@bechtle.com

The Quarterly Statement Q3/2020 was published on 11 November 2020.

Bechtle AG Quarterly Statement as of 30 September 2020

Bechtle AG

Bechtle Platz 1, 74172 Neckarsulm

Germany

Phone  +49 (0) 7132 981-0

ir@bechtle.com

Your strong IT partner.

bechtle.com

Today and tomorrow.

Disclaimer

Bechtle AG published this content on 11 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 November 2020 09:02:03 UTC


© Publicnow 2020
All news about BECHTLE AG
01/19BECHTLE AG : Deutsche Bank gives a Neutral rating
MD
01/18BECHTLE AG : Baader Bank keeps its Buy rating
MD
01/18BECHTLE AG : Preliminary announcement of the publication of quarterly reports an..
EQ
01/18DGAP-AFR : Bechtle AG: Preliminary announcement of the publication of financial ..
DJ
01/14BECHTLE AG : DZ Bank reaffirms its Buy rating
MD
01/11PRESS RELEASE : Akarion AG: FFG funds innovative GRC project of the high-tech co..
DJ
2020BECHTLE : to support numerous Corona vaccination centres
PU
2020BECHTLE : named Azure Expert Managed Service Provider
PU
2020DGAP-PVR : Bechtle AG: Release according to -5-
DJ
2020DGAP-PVR : Bechtle AG: Release according to -4-
DJ
More news
Financials
Sales 2020 5 807 M 7 067 M 7 067 M
Net income 2020 191 M 233 M 233 M
Net Debt 2020 53,3 M 64,8 M 64,8 M
P/E ratio 2020 38,5x
Yield 2020 0,77%
Capitalization 7 375 M 8 978 M 8 975 M
EV / Sales 2020 1,28x
EV / Sales 2021 1,14x
Nbr of Employees 12 055
Free-Float 65,0%
Chart BECHTLE AG
Duration : Period :
Bechtle AG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends BECHTLE AG
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 7
Average target price 169,43 €
Last Close Price 175,60 €
Spread / Highest target 9,34%
Spread / Average Target -3,51%
Spread / Lowest Target -9,45%
EPS Revisions
Managers and Directors
NameTitle
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
Sector and Competitors
1st jan.Capitalization (M$)
BECHTLE AG-1.57%8 978
TATA CONSULTANCY SERVICES15.38%167 410
ACCENTURE PLC-2.47%161 584
INTERNATIONAL BUSINESS MACHINES CORPORATION-5.78%105 688
INFOSYS LIMITED6.77%77 956
AUTOMATIC DATA PROCESSING, INC.-8.61%69 459