Germany's Bechtle FY revenue misses view slightly

Bechtle AG

06/02/2026 07:25

Overview

Germany IT services firm's business volume rose 8% to nearly €8.6 bln

Revenue slightly missed analyst expectations

Company's Q4 EBT rose over 20%, marking a record quarter

Outlook

Company anticipates price increases and supply constraints may affect 2026 performance

Result Drivers

FINAL MONTH MOMENTUM - Q4 showed strong momentum driven by an exceptionally strong final month, leading to record EBT figures

TEAM COMMITMENT - CEO attributed strong year-end performance to exceptional commitment from teams

ACQUISITIONS - Employee numbers increased to 16,360 due to acquisitions

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
Slight Miss*
EUR 6.40 bln
EUR 6.45 bln (16 Analysts)
FY Pretax Profit
EUR 324 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 3 "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 €47.50, about 13.1% above its February 5 closing price of €42.00

The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 18 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.)