Cloud services and IT provider Bechtle has reported group growth in the second quarter. For the three months ended 30 June, 2023, the Germany-headquartered firm said sales increased 6.5% annually to €1.5 billion.
Earnings before taxes (EBT) increased by 5.9% to €93.8 million. The EBT margin was 6.2%, exactly on par with the previous year.
At the end of the quarter, Bechtle had 14,505 employees, 1,306 more than in the prior year.
The good performance at group level was again driven by the IT System House & Managed Services segment. In the IT E-Commerce segment, on the other hand, Bechtle “felt the saturation” of many customers who had invested heavily in conventional IT infrastructure, such as PCs, in recent years.
In the IT System House & Managed Services segment, revenue climbed by 13.7% to €985 million, while sales in E-Commerce dropped by 4.8%.
“The reference figures from the prior year were very challenging, especially in terms of the revenue, but also with regard to the earnings. The fact that we achieved substantial growth and were able to keep our high prior-year margin stable, despite difficult economic framework conditions, sends a strong signal,” said Thomas Olemotz, chairman of the executive board of Bechtle.
