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)
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