Bechtle on Course for Success: Further Growth Expected

3/15/2024, 12:00 PM

Despite grim forecasts: Bechtle heads towards further growth after profit surge - optimism unabated.

Eulerpool News Mar 15, 2024, 12:00 PM

The IT service provider Bechtle continues to set a sign of confidence even in difficult economic times and forecasts a significant growth course for the year 2024 despite noticeable economic tensions. The company from Neckarsulm, which is listed in the MDAX, expects a significant increase in both sales and earnings in the range of five to ten percent and a nearly constant pre-tax margin. This ambitious forecast highlights Bechtle's resilience and adaptive business model in a challenging economic environment.

"The economic tension at the beginning of 2024 is clearly palpable," stated CEO Thomas Olemotz. Nevertheless, he remains optimistic that the situation will gradually improve over the course of the year, especially in the second half. Such progression in uncertain times reflects Bechtle's deep understanding of the market and its ability to adapt to changing circumstances.

In the past year, Bechtle was able to increase its profit by just under six percent to 265.5 million euros and announces a dividend increase of five cents to 0.70 euros per share. This positive development was already underscored at the beginning of February with preliminary data on sales and earnings. The announcement led to a 1.13 percent increase in Bechtle's stock to 49.32 euros in XETRA trading, a clear sign of investor confidence in the company's strategy and future prospects.

Bechtle's forward-looking attitude and the anticipation of a gradual recovery underscore the company's strength and optimism in an uncertain economic climate. This positive orientation, coupled with solid financial results, positions Bechtle as a stable and confident player in the IT market.

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