Bechtle optimistic for FY 2024

Bechtle AG's second quarter of 2024 saw a 0.9 percent increase in business volume, reaching €1,831.5 million. Despite a slight revenue decline of 2.3 percent, operating cash flow more than doubled to €141.2 million. The EBT margin fell to 5.7 percent from 6.2 percent last year.

CEO Dr. Thomas Olemotz acknowledged less demand from SMEs and cautious spending from Germany's public sector affected results. However, he remains confident about Bechtle's medium and long-term growth opportunities. The company continues its European M&A strategy.

Employee numbers grew by 5.5 percent, with acquisitions contributing significantly. Future growth is expected to be driven by IT infrastructure upgrades, the European NIS2 Directive, and advancements in AI and cloud services.

Bechtle has adjusted its annual forecast, predicting stable figures compared to last year. The company remains well-positioned for future investments in IT modernization.