Report
Sinan Doganli

Bechtle AG : Continued profitable growth, but with some margin pressure

>Top end of revenue guidance targeted - Last Friday we were on roadshow with the IR-Team of Bechtle in Paris. The overall tone was confident on the revenue guidance and cautious on the EBT margin guidance, as Bechtle expects its cost base to increase. Key takeaways are that the revenue growth guidance of 5-10% is cautious and revenue growth of 8-10% is more realistic (the CEO likes to be cautious). Costs will increase on all fronts, especially for personnel, which is ...
Underlying
Bechtle AG

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Sinan Doganli

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