16.03.2018
Bechtle AG DE0005158703
DGAP-News: Bechtle Reports Strong Fiscal Year
DGAP-News: Bechtle AG / Key word(s): Final Results/Dividend
Bechtle Reports Strong Fiscal Year
16.03.2018 / 10:15
The issuer is solely responsible for the content of this announcement.
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Bechtle Reports Strong Fiscal Year
- Revenue up 15.4 per cent to EUR3.6 billion
- EBT grows 12.2 per cent
- Dividend increase by 20 per cent
- Optimistic outlook for 2018
Neckarsulm, 16 March 2018 - In the fiscal year 2017, Bechtle AG again
underwent impressive growth. The revenue increased 15.4 per cent to
EUR3,570.1 million. Earnings before taxes (EBT) went up by more than 12 per
cent to EUR162.8 million, resulting in an EBT margin of 4.6 per cent. As of
the end of the year, Bechtle had 8,353 employees, an increase of 8.9 per
cent over the prior year. In view of the superb business performance, the
Executive Board and the Supervisory Board propose to raise the dividend for
2017 by 20 per cent to EUR0.90.
The growth was largely organic and broadly supported by all regions and
segments. The companies abroad recorded revenue growth of 14.7 per cent,
exceeding the EUR1 billion mark for the first time. In all quarters, the
consolidated growth rates remained in the two-digit range, becoming
increasingly dynamic in the course of the year. In the first half of the
year, the revenue growth amounted to 13.8 per cent. An outstanding growth of
19.7 per cent was reached in the third quarter, and the final quarter also
achieved a two-digit growth rate of 14.5 per cent despite the strong base
effect of the prior year.
Investing in the Future
"In 2017, we again invested in numerous future-oriented projects that are
important for our company. This includes the relocation of our data centre
to Frankfurt, the establishment of the Bechtle Clouds and the launch of the
central digital platform bechtle.com. Taking these investments into
consideration, the significant revenue and earnings growth is a remarkable
achievement on the part of our employees", says Dr. Thomas Olemotz, Chairman
of the Executive Board of Bechtle AG.
System House: Further Margin Improvement
In 2017, the IT system house & managed services segment boosted its revenue
by 15.7 per cent to EUR2,516.9 million. The wide spectrum of services - e.g.
in the fields of hybrid cloud and multi-cloud concepts, modern workplace and
data centre architectures, networking, security and application solutions -
fuelled a noticeable demand impulse. Thus, EBIT grew by a disproportionately
high rate of 18.5 per cent to EUR114.5 million. The EBIT margin improved
from 4.4 per cent to 4.5 per cent.
E-Commerce: Impressive Performance in Germany
In 2017, the IT e-commerce segment underwent purely organic growth of 14.6
per cent to EUR1,053.3 million. With an increase of 19.2 per cent to
EUR307.5 million, the growth was especially strong in Germany. However, the
companies abroad also underwent two-digit growth of 12.9 per cent. Mobile
devices, monitors and servers experienced the highest demand. EBIT rose 4.8
per cent to EUR49.8 million (prior year: EUR47.5 million). The slight margin
drop was caused by a positive one-off effect of about EUR2 million in the
previous year.
Signs of Continued Success
The Executive Board is optimistic about the year 2018. The revenue and
earnings are again expected to undergo significant growth. "Once again,
Bechtle is well prepared to reach its ambitious goals in the current fiscal
year, which is derived from the Vision 2020. Our business success is based
on our customers' willingness to invest in modern IT architectures that
represent a key precondition for exploiting the opportunities that arise
from the digitisation trend", explains Dr. Thomas Olemotz.
Bechtle KPIs 2017
2017 2016 +/-
Revenue EURk 3,570,124 3,093,579 +15.4%
Domestic EURk 2,512,262 2,171,691 +15.7%
Abroad EURk 1,057,862 921,888 +14.7%
IT system house EURk 2,516,872 2,174,8931 +15.7%
IT e-commerce EURk 1,053,252 918,6861 +14.6%
EBIT EURk 164,252 144,083 +14.0%
IT system house EURk 114,501 96,5891 +18.5%
IT e-commerce EURk 49,751 47,4941 +4.8%
EBIT margin % 4.6 4.7
EBT EURk 162,804 145,100 +12.2%
EBT margin % 4.6 4.7
Earnings after taxes EURk 114,562 103,371 +10.8%
Earnings per share EUR 2.73 2.461 +10.8%
Employees (average) 7,968 7,428 +7.3%
31.12.2017 31.12.2016 +/-
Cash flow from operating activities EURk 54,261 53,363 +1.7%
Liquidity2 EURk 174,827 162,781 +7.4%
Equity ratio % 53.9 54.7
Employees 8,353 7,667 +8.9%
1 Figures adjusted
2 including time deposits and securities
***
The Annual Report 2017 is available for download under bechtle.com/reports.
At the same time, we publish a sustainability report under
bechtle.com/sustainability.
About Bechtle
Bechtle AG has about 70 IT system houses in Germany, Austria and
Switzerland. With its e-commerce companies in 14 countries, Bechtle is one
of Europe's leading IT enterprises. Founded in 1983, the group is
headquartered in Neckarsulm, Germany, and currently has about 8,400
employees. Bechtle offers its more than 70,000 customers from the fields of
industry and trade, the public sector and the financial market a
comprehensive, cross-vendor portfolio of IT infrastructure and IT operation
solutions. Bechtle is listed in the technology index TecDAX. In 2017, the
company's revenue amounted to some EUR3.6 billion. For more information, see
bechtle.com.
Contact
Investor Relations Corporate Communications/Press
Martin Link Sabine Brand
[email protected] [email protected]
Tel: +49 7132 981-4149 Tel: +49 7132 981-4115
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16.03.2018 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: Bechtle AG
Bechtle Platz 1
74172 Neckarsulm
Germany
Phone: +49 7132 981-0
Fax: +49 7132 981-8000
E-mail: [email protected]
Internet: bechtle.com
ISIN: DE0005158703
WKN: 515870
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange
End of News DGAP News Service
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