Bechtle AG : Bechtle delivers Q1 results below consensus expectations
>Q1 results -7.7% below consensus on top line and -4.2% on bottom line - Bechtle released Q1 results that were below our and the consensus expectations. Revenue declined by -2.3% y-o-y to € 1,503.4m, driven by a -3.8% decline y-o-y in the IT System House segment to € 932.3m. The IT E-Commerce segment was flat y-o-y at € 571.1m. EBT increased by +2.9% y-o-y to € 82.0m below our and the consensus expectations of € 85.9m and € 84.8m respectively and implying a margin of ...Bechtle is engaged in the business as an information technology (IT) dealer. Co. provides IT services combining with online marketing of IT products. Co. provides vendor-independent, IT portfolio to its customers from the fields of industry and trade, the public sector and the financial industry. Co. operates within two segments: IT system house & managed services segment, which provides its customers with IT strategy consulting services, hardware and software, project planning and implementation, system integration, IT services, training and IT operation; and the IT e-commerce segment, which comprisesCo.'s Internet, catalogue and telesales trading activities.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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