10.08.2018
Bechtle AG DE0005158703
DGAP-News: Bechtle reports extremely strong second quarter
DGAP-News: Bechtle AG / Key word(s): Quarter Results/Interim Report
Bechtle reports extremely strong second quarter
10.08.2018 / 07:29
The issuer is solely responsible for the content of this announcement.
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Bechtle reports extremely strong second quarter
- Revenues and earnings up by two-digit rate
- EBT margin above prior year
- Outlook for the year adjusted upwards
Neckarsulm, 10 August 2018 - The high growth rate that Bechtle AG had
exhibited since the beginning of the year continued in the second quarter.
From April to June 2018, revenue surged 17.4 per cent to EUR965.0 million.
Operating income (EBIT) grew even more, up 20.3 per cent to EUR43.9 million.
Earnings before taxes (EBT) are at EUR43.6 million, and the EBT margin
increased from 4.4 to 4.5 per cent. As of 30 June 2018, Bechtle had a total
of 8,790 employees, 881 or 11.1 per cent more than in the prior year.
"Profitable growth of almost 20 per cent in two consecutive quarters is an
outstanding achievement. It is the result of our compelling solution
competence and the high motivation of our team. Moreover, the more or less
even distribution of the growth over the two business segments shows the
broad basis of our customers' willingness to invest, which remains high,"
explains Dr. Thomas Olemotz, Chairman of the Executive Board of Bechtle AG.
IT System House & Managed Services Reports Further Dynamic Growth
The IT system house & managed services segment increased its revenue 18.1
per cent to EUR676.8 million. Posting an increase of 31.4 per cent, our
system houses in Austria and Switzerland recorded especially high growth.
However, growth was at a very high level in Germany as well, reaching 16.3
per cent. Impulses came from the application solutions and managed services
segments as well in the classic project business. Operating income climbed
17.0% to EUR28.8 million in the second quarter of 2018. The EBIT margin was
4.2 per cent, only slightly below the prior-year level.
IT E-Commerce Performance Especially Strong Abroad
In the IT e-commerce segment, revenue grew 15.6 per cent to EUR288.2 million
second quarter of 2018. Here too, the growth rate was higher abroad, where
it reached 23.3 per cent. Segment EBIT underwent a significantly higher
increase of 27.0 per cent, resulting in a substantial margin increase from
4.8 per cent to 5.3 per cent. One of the factors that contributed to this
positive development was the expansion of the international customer
relationships by the ARP brand, which is represented in six countries.
Acquisitions Highlight Growth Orientation
In 2018, Bechtle has already performed two rather small, but strategically
important acquisitions in Switzerland. Additionally, as already reported in
July, the company plans to acquire the French Inmac Wstore. The company's
employee representation has meanwhile agreed to the purchase; the purchase
contract was signed on 30 July. Following the review by the French cartel
authority, we are confident that we will be able to finalise the acquisition
before the end of the third quarter.
Annual Forecast Adjusted Upwards
With its strong revenue and earnings performance in the first half of 2018,
Bechtle has exceeded its own expectations for 2018 as a whole. "Apart from
the highly positive organic development, the purchase of Inmac Wstore will
also help us to achieve further growth through acquisitions. Against this
backdrop - and assuming that the economic framework conditions remain
positive - we are stepping up our forecast for the year and now expect a
two-digit growth rate for our revenue and earnings, i.e. a growth rate very
significantly higher than that of the prior year," says Dr. Thomas Olemotz.
As far as the margin is concerned, the Executive Board confirms its original
forecast, which predicts a slight increase.
Bechtle KPIs for the Second Quarter and First Half of 2018
Q2/2018 Q2/2017 +/- H1/2018 H1/2017 +/-
Revenue EUR- 964,970 822,198 +17.- 1,920,359 1,625,327 +18.2-
k 4% %
Domestic EUR- 657,004 576,953 +13.- 1,310,737 1,127,116 +16.3-
k 9% %
Abroad EUR- 307,966 245,245 +25.- 609,622 498,211 +22.4-
k 6% %
IT system EUR- 676,794 572,862 +18.- 1,334,976 1,136,188 +17.5-
house k 1% %
IT e-commerce EUR- 288,176 249,336 +15.- 585,383 489,139 +19.7-
k 6% %
EBIT EUR- 43,900 36,504 +20.- 79,618 68,327 +16.5-
k 3% %
IT system EUR- 28,755 24,578 +17.- 52,827 47,370 +11.5-
house k 0% %
IT e-commerce EUR- 15,145 11,926 +27.- 26,791 20,957 +27.8-
k 0% %
EBIT margin % 4.5 4.4 4.1 4.2
EBT EUR- 43,560 36,230 +20.- 78,960 67,705 +16.6-
k 2% %
EBT margin % 4.5 4.4 4.1 4.2
Earnings after EUR- 30,704 25,390 +20.- 55,553 47,488 +17.0-
taxes k 9% %
Earnings per EUR 0.73 0.60 +20.- 1.32 1.13 +17.0-
share 9% %
Cash flow from EUR- -6,586 -6,329 -4.1- 7,353 -23,283 +131.-
operating k % 6%
activities
Employees (as 8,790 7,909 +11.-
of 30 June) 1%
30.06.2018 31.12.2017 +/-
Liquidity1 EURk 104,395 174,827 -40.3%
Equity ratio % 56.5 53.9
1 including time deposits and securities
***
The half-year financial report 2018 is available for download at
bechtle.com/reports.
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 8,800
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 approximately EUR3.6 billion. For more
information, see bechtle.com.
Contact
Investor Relations Corporate Communications/Press
Martin Link Sabine Brand
[1][email protected] [1][email protected]
1. mailto:[email protected] 1. mailto:[email protected]
Phone: +49 7132 981-4149 Phone: +49 7132 981-4115
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10.08.2018 Dissemination of a Corporate News, transmitted by DGAP - a
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The issuer is solely responsible for the content of this announcement.
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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
Indices: TecDAX
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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712579 10.08.2018
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