Germany's Bechtle 2025 revenue rises, helped by Europe growth

Bechtle AG

20/03/2026 09:12

Overview

Germany IT service provider's fiscal 2025 revenue grew 1.6%, business volume up 8.1% yr/yr

Earnings before tax fell 6% yr/yr but met company expectations

Company maintained dividend at EUR 0.70 per share despite earnings decline

Outlook

Bechtle expects 2026 business volume to grow 5% to 10%

Company sees 2026 revenue rising 0% to 5%

Bechtle expects 2026 EBT to increase 0% to 5%

Result Drivers

SOFTWARE ACCOUNTING EFFECTS - Co said strong software business led to business volume outpacing revenue growth due to IFRS 15 accounting effects

HIGHER COST BASE - Co said investments in long-term viability and international acquisitions increased costs and depreciation, weighing on earnings

STRONG Q4 GROWTH - Co said business volume rose 16.6% in Q4, with Germany and Other Europe posting especially strong gains

Company press release: ID:nEQbYFwnWa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Net Income
EUR 229.21 mln
FY EBIT
EUR 335.30 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 2 "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the it services & consulting peer group is "buy"

Wall Street's median 12-month price target for Bechtle AG is €45.00, about 49.8% above its March 19 closing price of €30.04

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 21 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)