11.08.2016 Bechtle AG  DE0005158703

DGAP-News: Bechtle AG remains on course


 
DGAP-News: Bechtle AG / Key word(s): Quarter Results/Interim Report Bechtle AG remains on course 11.08.2016 / 07:31 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Bechtle AG remains on course - EBIT up 21 per cent - Revenue growth especially in system house segment - Outlook for the year confirmed Neckarsulm, 11 August 2016 - In the second quarter of 2016, the revenue of Bechtle AG increased 5.4 per cent to EUR723.4 million. Earnings before interest and taxes (EBIT) underwent a disproportionately high growth of 21.0 per cent to EUR32.3 million. Earnings before taxes amounted to EUR32.1 million, and the EBT margin was 4.4 per cent (prior year: 3.9 per cent). As of 30 June 2016, the headcount had gone up to a total of 7,328 employees, a year-on-year increase of 390 persons or 5.6 per cent. "Taking into account the extremely strong prior-year quarter, we have reason to be highly satisfied with the group's performance in the second quarter, especially in view of the many strategic projects that Bechtle is currently pushing ahead. Though these projects will affect the company's future, they also involve a major input of resources", explains Dr. Thomas Olemotz, Chairman of the Executive Board of Bechtle AG. System House & Managed Services Experiences Earnings Leap The IT system house & managed services segment increased its revenue 6.7 per cent to EUR481.6 million. As in the prior quarters, the domestic system houses were the growth drivers, gaining 7.9 per cent. In the second quarter of 2016, segment EBIT climbed 48.3 per cent to EUR20.4 million. At 4.2 per cent, the EBIT margin was significantly higher than in the prior year (3.1 per cent). This outstanding performance especially reflects the increased share of higher-quality services, such as managed services and cloud services. With an expanded offer for the transformation of existing IT architectures into modern cloud environments, the Bechtle system houses assist their customers in their core business. IT E-Commerce Performance Mixed In the reporting period, the revenue in the IT e-commerce segment climbed 3.1 per cent to EUR241.8 million. While most of the trading companies performed very well, Bechtle was confronted with difficult industry conditions in some key e-commerce markets. EBIT amounted to EUR11.8 million, less than the prior-year figure of EUR12.9 million. The margin declined from 5.5 per cent to 4.9 per cent. Headcount Grows Moderately As of the reporting date 30 June 2016, the Bechtle Group had a total of 7,328 employees. This represents a year-on-year increase of 390 persons or 5.6 per cent. Most of the headcount increase took place in the IT system house & managed services segment. Training remains an important part of Bechtle's HR work. As of 30 June 2016, Bechtle had a total of 402 young trainees. Annual Forecast Confirmed Bechtle holds fast to its forecast that in 2016 as a whole, it will significantly outperform the prior year revenue and earnings figures, and confirms the forecast for 2016 that had been published in March. "The earnings performance in the first six months was excellent. Though these dynamics cannot automatically be extrapolated to the whole year, we are confident about the developments in the second half of 2016. Therefore, we confirm our expectations of high one-digit growth rates for the revenue and earnings. Especially the development in the third quarter will show whether we can even surpass these targets", says Dr. Thomas Olemotz. Bechtle KPIs for the Second Quarter and First Half of 2016
                         Q2/2016 Q2/2015    +/-   H1/2016   H1/2015     +/-
Revenue            EURk  723,393 686,062  +5.4% 1,428,298 1,308,512   +9.2%
 Domestic          EURk  503,779 469,686  +7.3%   986,621   879,913  +12.1%
 Abroad            EURk  219,614 216,376  +1.5%   441,677   428,599   +3.1%
 IT system house   EURk  481,621 451,543  +6.7%   952,051   854,169  +11.5%
 IT e-commerce     EURk  241,772 234,519  +3.1%   476,247   454,343   +4.8%
EBITDA             EURk   39,318  33,294 +18.1%    73,164    61,827  +18.3%
 IT system house   EURk   26,293  19,506 +34.8%    50,178    40,529  +23.8%
 IT e-commerce     EURk   13,025  13,788  -5.5%    22,986    21,298   +7.9%
EBIT               EURk   32,261  26,667 +21.0%    59,217    49,168  +20.4%
 IT system house   EURk   20,436  13,784 +48.3%    38,743    30,312  +27.8%
 IT e-commerce     EURk   11,825  12,883  -8.2%    20,474    18,856   +8.6%
EBIT margin           %      4.5     3.9              4.1       3.8
EBT                EURk   32,095  26,681 +20.3%    59,010    49,156  +20.0%
EBT margin            %      4.4     3.9              4.1       3.8
EAT                EURk   22,711  18,720 +21.3%    41,826    34,454  +21.4%
EPS                 EUR     1.08    0.89 +21.3%      1.99      1.64  +21.4%
OCF                EURk   23,737  16,690            5,840    17,080
employees (average)        7,302   6,869  +6.3%     7,272     6,741   +7.9%
                                            30.06.2016   31.12.2015     +/-
Liquidity*                          EURk       161,917      206,660  -21.7%
Equity ratio                           %          57.5         53.9
Employees                                        7,328        7,205   +1.7%
* including time deposits and securities *** The interim financial report for the first half of 2016 is available for download at bechtle.com/reports. About Bechtle Bechtle AG has about 70 IT system houses in Germany, Austria and Switzerland. With its trading companies in 14 countries, Bechtle is one of Europe's leading online dealers for information technology. Founded in 1983, the company is headquartered in Neckarsulm, Germany, and currently has around 7,300 employees. Bechtle offers its more than 73,000 customers from the fields of industry and trade, the public sector and the financial market a comprehensive, cross-vendor portfolio of IT infrastructure and IT operation solutions. Bechtle is listed in the technology index TecDAX. In 2015, the company's revenue amounted to approximately EUR2.8 billion. Contact Bechtle AG Bechtle Platz 1 D-74172 Neckarsulm Germany Investor Relations Corporate Communications/Press Martin Link Sabine Brand [email protected] [email protected] Phone: +49 7132 981-4149 Phone: +49 7132 981-4115 Fax: +49 7132 981-4116 Fax: +49 7132 981-4116 --------------------------------------------------------------------------- 11.08.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: Bechtle AG Bechtle Platz 1 74172 Neckarsulm Germany Phone: +49 7132 981-0 Fax: +49 7132 981-8000 E-mail: [email protected] Internet: bechtle.com ISIN: DE0005158703 WKN: 515870 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange End of News DGAP News Service --------------------------------------------------------------------------- 491165 11.08.2016


Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 3.570,12 4.323,32 5.374,45 5.050,27 5.305,49 6.028,18 6.422,74
EBITDA1,2 196,18 237,06 325,98 375,09 428,72 467,49 508,92
EBITDA-Marge3 5,50 5,48 6,07 7,43 8,08 7,76
EBIT1,4 164,25 195,08 241,37 276,96 325,72 355,43 382,30
EBIT-Marge5 4,60 4,51 4,49 5,48 6,14 5,90 5,95
Jahresüberschuss1 114,56 137,14 170,48 192,55 231,45 251,12 265,51
Netto-Marge6 3,21 3,17 3,17 3,81 4,36 4,17 4,13
Cashflow1,7 54,26 140,53 185,97 316,25 284,49 116,65 459,03
Ergebnis je Aktie8 0,91 1,09 1,35 1,53 1,84 1,99 2,10
Dividende8 0,30 0,33 0,40 0,45 0,55 0,65 0,25
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2023 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Deloitte

INVESTOR-INFORMATIONEN
©boersengefluester.de
Bechtle
WKN Kurs in € Einschätzung Börsenwert in Mio. €
515870 48,280 Kaufen 6.083,28
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
18,50 24,94 0,73 37,08
KBV KCV KUV EV/EBITDA
3,68 13,25 0,95 12,13
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
0,65 0,70 1,45 11.06.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
08.05.2024 09.08.2024 08.11.2024 15.03.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
1,22% 9,66% 6,37% 15,28%
    
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IT-Infrastruktur , 515870 , BC8 , XETR:BC8