Bechtle falls as Q1 sales come weaker

Bechtle AG

08/05/2024 09:13

** Shares in Bechtle  BC8G.DE  fall 3.9% after the German
IT-systems provider posted weaker-than-expected sales for the
first quarter
    ** The company posted revenue of 1.50 billion euros ($1.61
billion) for Q1, missing analysts' expectations of 1.61 billion
euros, according to LSEG data
    ** "Bechtle's Q1 results fell short of consensus and our
estimates, particularly in terms of revenues, due to a less
favorable revenue mix," Baader Helvea says
    ** The German firm confirmed its FY guidance
    ** Stock, which has lost 2.67% YTD, is among worst
performers of Germany's mid-cap index  .MDAXI 


($1 = 0.9309 euros)

 (Reporting by Ozan Ergenay)
 ((ozan.ergenay@thomsonreuters.com))