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BC8 — Bechtle AG News Story

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Bechtle rises 13% after outlook hike

BUZZ-Bechtle rises 13% after outlook hike

** Shares in Bechtle BC8G.DE rise 13% after German IT firm raised its full-year outlook

** The company expects business volume to grow by more than 10% vs growth of 5%-10% expected previously

** It forecasts revenue and EBT growth of 5%-10% vs growth of 0%-5% seen previously

** "Growth in business volume was once again broadly based across all segments and customer groups," Bechtle said

** Q2 business volume up 18% y/y to €2.27 billion ($2.58 billion), revenue up 16% y/y to €1.73 billion

** Jefferies highlights "very strong" H1 results and says the guidance hike was a surprise

** The stock is on track for its best trading day since November if the gains hold

($1 = 0.8800 euros)


(Reporting by Amir Orusov)

((Amir.orusov@thomsonreuters.com))

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