Germany's Bechtle Q2 revenue rises on growth across regions; lifts outlook

Bechtle AG

12/08/2026 06:40

Overview
Germany IT service provider's Q2 revenue rose 16.5% yr/yr, business volume up 18.1%
Q2 pretax profit rose 20.1% yr/yr to €80.2 mln, EBT margin stable at 3.5%
Company raised full-year forecast after record €3.5 bln order backlog

Outlook
Bechtle raises 2026 business volume growth forecast to over 10%, up from 5%-10%
Company lifts 2026 revenue and EBT growth outlook to 5%-10%, previously 0%-5%
Bechtle expects operating cash flow to remain positive for full year 2026

Result Drivers
REGIONAL AND CUSTOMER DIVERSITY - Growth was broad-based across all regions and customer groups, with Germany, France, Benelux, and Other Europe all contributing, per company
ACQUISITIONS AND ORGANIC GROWTH - Acquisitions in Spain, Italy and Portugal boosted results in Other Europe, while organic growth also exceeded 20% in that segment, according to company
COST MANAGEMENT - EBT margin based on revenue edged up, reflecting successful cost management, per company

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
EUR 1.73 bln
EUR 1.66 bln (2 Analysts)
Q2 Net Income
 
EUR 57.80 mln
 
Q2 EBIT
 
EUR 84.06 mln
 
Q2 Pretax Profit
 
EUR 80.20 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", no "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 €41.00, about 13.9% above its August 11 closing price of €36.00
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 15 three months ago

Reuters Recommended Reads
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Aug 10 - Germany's GEA Group Q2 revenue rises, lifts revenue growth outlook
Aug 11 - Finland's Siili Solutions Q2 revenue falls, cuts guidance

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(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.)