IT system house Bechtle increases profit forecast for 2020

Source: Heise.de added 11th Nov 2020

  • it-system-house-bechtle-increases-profit-forecast-for-2020

Despite the corona pandemic, Bechtle was also able to increase sales in the third quarter. Compared to the same quarter of the previous year, this rose by 7.4 percent to 1. 25 billion euros. Sales in the first nine months 2020 rose by 6.9 percent to over 4 billion euros. Operating profit and pre-tax profit rose by 25, 7 percent to 73, 3 million, or 71, 7 million euros.

Bechtle divides the quarterly figures into two business areas. In the IT system house and managed services segment, sales rose by 9.7 percent to 917, 9 million euros. The branches in Austria and Switzerland recorded the strongest growth with 24, 3 percent. The operating result increased by 24, 9 percent to 50 Million euros.

In the IT e-commerce division, sales rose by 3.1 percent to around 453 million euros. In Germany, it even rose by 23 percent, while sales abroad fell by 1.4 percent.

Annual forecast increased Dr. Thomas Olemotz, CEO of Bechtle AG, is confident of achieving the annual targets. The management board continues to expect a growth in sales of 5 to percent compared to the previous year. The profit before tax should increase by more than 10 percent. In the original forecast, growth between 5 and percent was also expected here.

The number of employees of the IT service provider amounted to 10 at the end of the quarter. 055 people and was 7.2 percent higher than at the same time in the previous year.

(cbo)

Read the full article at Heise.de

brands: Thomas  
media: Heise.de  

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