Bechtle AG
XMUN:BC8

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Bechtle AG Logo
Bechtle AG
XMUN:BC8
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Price: 37.36 EUR -0.85%
Market Cap: €4.7B

Bechtle AG
Investor Relations

Bechtle AG is a German IT services and software reseller that helps businesses and public-sector organizations buy, set up, and run their technology. It sells computers, networking gear, software licenses, cloud services, and related support, and it also handles consulting, implementation, and day-to-day IT management. Its customers are mainly medium-sized companies, large enterprises, schools, and government agencies that want one supplier for both hardware and IT services. Bechtle makes money by reselling technology from major vendors, earning fees for services and consulting, and taking recurring income from managed IT contracts and software or cloud subscriptions. What sets Bechtle apart is its role as a bridge between big technology vendors and end users who want a simpler way to source and support IT. It combines a large product catalog with local service teams, so customers can buy equipment and get help keeping their systems working from the same company.

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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Aug 12, 2026
AI Summary
Q2 2026

Strong Q2: Bechtle said second-quarter performance came in well above expectations, with double-digit growth across most key indicators and stable margins despite a still-challenging IT market.

Price tailwind: More than half of growth was driven by higher prices, especially in hardware, while supply-chain issues and longer delivery times continued to shape customer behavior.

Guidance raised: Management lifted full-year guidance to more than 10% business volume growth and 5% to 10% EBT growth, while expecting a slight EBT margin decline because of IT infrastructure investments.

Public sector boost: The company highlighted a major Bavarian justice-sector contract worth up to EUR 250 million and said public-sector momentum should strengthen in the second half.

AI push: Bechtle expanded its NVIDIA cooperation, opened a Dell AI factory, and pointed to a major Planet AI competition win as evidence of its AI capabilities.

Cash flow timing: Operating cash flow was pressured in Q2 by timing effects, but management said working capital metrics improved and it still expects full-year OCF to trend positively.

Key Financials
Order intake
26%
Business volume
18%
Organic growth
13%
Software organic sales growth
10%
Business volume
15.6%
EBT
20%
EBT
16%
DSO
37 days
Working capital
6.8%
Headcount
-1.4%
Promissory note transaction
EUR 450 million
Promissory note order book
3.5x
Investors in promissory note
84
Bavarian justice contract
up to EUR 250 million
Contract term
6 years
IT workplaces supported
more than 17,500
Data centers supported
2
Interforce employees
38
Earnings Call Recording
Other Earnings Calls

Management

Mr. Gerhard Schick
Co-Founder & Honorary Chairman of the Supervisory Board
No Bio Available
Mr. Stefan Sagowski
Executive Vice President of Finance Division
No Bio Available
Mr. Konstantin Ebert
Member of the Executive Board & COO of IT E-commerce
No Bio Available
Ms. Antje Leminsky
Member of the Executive Board
No Bio Available
Ms. Gabi Schepperle
Head of Group Accounting & Treasury
No Bio Available
Dirk Muller-Niessner
Executive VP of Southern Region - Bechtle Systemhaus Holding AG & CTO
No Bio Available
Mr. Martin Link
Head of Investor Relations
No Bio Available
Ms. Katja Jager
Head of Sales Controlling
No Bio Available
Mr. Gozard Polak
Managing Director of Bechtle Brussels
No Bio Available
Mr. Alfred Neidhard
Executive Vice President of Central & Southern Regions and the International Sales Division
No Bio Available

Contacts

Address
BADEN-WUERTTEMBERG
Neckarsulm
Bechtle Platz 1
Contacts
+4971329810.0
www.bechtle.com
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