Picture of Bechtle AG logo

BC8 — Bechtle AG News Story

0.000.00%
de flag iconLast trade - 00:00
TechnologyAdventurousLarge CapHigh Flyer

Bechtle set for best day in over 8 months after 'strong' Q3 results

** Shares in Bechtle BC8G.DE jump 15% and are on track for their best day in over eight months, after the German IT service provider delivered "strong" Q3 results and confirmed FY guidance

** Bechtle posts Q3 EBT of 80.5 million euros ($93.88 million), up 2.4% from 78.5 million euros a year earlier

** "A strong performance in Q3 with an even more bullish tone for Q4 should finally restore market confidence," Jefferies says

** The broker says Bechtle's Q3 EBT grew 20% from the previous quarter, which is the most encouraging message in the Q3 print

** "FY guidance was confirmed again, pointing out the clear trend reversal in the second half year," Jefferies adds

** It expects a seasonal budget flush in Q4 and a return to double-digit top- and bottom-line growth for the company

** The stock tops Germany's mid-cap index .MDAXI and the pan-European STOXX 600 .STOXX index

($1 = 0.8575 euros)

 (Reporting by Ozan Ergenay)

 ((ozan.ergenay@thomsonreuters.com))

Recent news on Bechtle AG

See all news