Bechtle AG : Weak demand from SMB and public clients – Guidance lowered
>Weakness in Bechtle’s largest markets Germany and France - Bechtle released a profit warning flagging the weak demand from small- and medium-sized businesses as well as from public clients in its two largest markets, Germany and France, in Q2. Business volume increased by only +1.0% y-o-y to € 1,830.0m, while revenue declined by around -2.0% to an estimated € 1,479.7m. ODDO BHF expected revenue to decline by -2.8% while the company-compiled consensus anticipated an i...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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