Germany's Bechtle Q1 revenue beats estimates, helped by IT demand

Bechtle AG

08/05/2026 06:38

Overview

Germany IT solutions provider's Q1 revenue rose 7.6%, beating analyst expectations

Net income for Q1 increased 15.9% yr/yr

Company reported record order backlog and positive operating cash flow

Outlook

Bechtle confirms positive outlook for 2026 financial yr, citing record-high order backlog

Company says challenging economic environment has manageable impact on operations

Bechtle sees continued strong demand for IT solutions, especially storage components

Result Drivers

STRONG IT DEMAND - Company said robust demand for IT solutions from business and public-sector customers drove growth across all regions

OTHER EUROPE SEGMENT - Business volume in Other Europe segment grew 29.3%, supported by acquisitions and customer demand

STORAGE DEMAND - High demand for storage components contributed to a dynamic market environment, per CFO Christian Jehle

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
EUR 1.57 bln
EUR 1.55 bln (3 Analysts)
Q1 Net Income
EUR 45.04 mln
Q1 EBIT
EUR 65.18 mln
Q1 Pretax Profit
EUR 61.64 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 1 "hold" and 3 "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 €40.25, about 31.3% above its May 7 closing price of €30.66

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.)