Bechtle AG

Bechtle AG

35.10
EUR
-0.86
(-2.39%)
1.94EPS
15.88P/E
3.90BMarket Cap
Nov 13Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
18.04
20.48
22.47
24.55
28.33
34.31
42.65
40.08
42.11
47.84
50.97
50.05
50.84
53.66
Basic EPS, GAAP
0.5
0.6
0.74
0.82
0.91
1.09
1.35
1.53
1.84
1.99
2.11
1.95
1.82
1.95
Free Cash Flow per Basic Share
0.39
0.26
0.75
0.11
-0.1
0.67
1.09
2
1.8
0.28
2.84
3.73
1.34
0.3
Dividend per Share
0.17
0.18
0.2
0.23
0.25
0.3
0.33
0.4
0.45
0.55
0.65
0.7
0.7
0.7
Book Value per Share
3.98
4.4
4.93
5.51
6.17
7.01
8.05
9.22
10.74
12.21
13.83
15.17
16.27
16.44
Tangible Book Value per Share
2.72
3.09
3.37
3.69
4.25
3.3
3.95
4.77
6.23
7.02
7.09
7.16
6.93
6.83
Basic Weighted Avg Shares
126
126
126
126
126
126
126
126
126
126
126
126
126
126
Sales/Revenue/Turnover
2,273
2,580
2,831
3,094
3,570
4,323
5,374
5,050
5,305
6,028
6,423
6,306
6,406
6,762
Operating Margin (%)
3.99
4.19
4.56
4.65
4.59
4.51
4.48
5.47
6.12
5.88
5.94
5.57
5.22
5.3
Depreciation Expense
22
24
26
28
32
42
85
98
103
112
127
140
159
167
Net Income, GAAP
63
76
93
103
115
137
170
193
231
251
266
245
229
246
Effective Tax Rate (%)
29.01
29.05
28.23
28.76
29.63
29.03
27.86
28.87
27.79
28.35
29.1
29.04
29.57
28.83
Profit Margin (%)
2.79
2.95
3.28
3.34
3.21
3.17
3.17
3.81
4.36
4.17
4.13
3.89
3.58
3.63
Working Capital
293
328
395
444
489
689
735
803
868
888
1,100
1,030
959
1,376
LT Debt
54
48
56
52
70
- -
461
499
411
360
660
165
182
- -
Total Equity
502
554
621
694
777
883
1,015
1,162
1,353
1,538
1,743
1,915
2,052
2,074
Return on Invested Capital (%)
11.33
12.52
13.7
13.7
13.38
14.83
14
11.73
12.75
12.56
11.52
10.5
10.27
12.68
Return on Capital (%)
12
13.29
14.58
14.58
14.01
15.58
14.61
12.24
13.26
13.1
12.17
11.42
11.22
13.34
Return on Common Equity (%)
13.19
14.44
15.81
15.72
15.57
16.52
17.96
17.69
18.4
17.37
16.19
13.44
11.57
12.34

Capital Structure

EUR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
69
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
182
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
126
126
126
Market Capitalization
5,496
3,725
3,898

Working Capital

EUR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
2,690
2,653
2,970
Cash, Cash Equivalents & STI
467
373
537
Accounts Receivable, Net
1,348
1,166
1,261
Inventories
380
560
604
Total Current Liabilities
1,731
1,711
1,593
Payables & Accruals
- -
- -
- -
ST Debt
69
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
12.73%
12.09%
7.16%
Free Cash Flow
-9.02%
159.27%
-64.05%
Net Income, GAAP
9.94%
4.05%
-6.63%
Sales/Revenue/Turnover
8.9%
5%
1.59%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,503
1,475
1,511
1,816
6,306
2025
1,461
1,487
1,588
1,869
6,406
2026
1,572
1,732
- -
- -
- -

Quarterly Earnings Per Share

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.46
0.47
0.45
0.57
1.95
2025
0.31
0.38
0.46
0.68
1.82
2026
0.36
0.46
- -
- -
- -

Quarterly Dividends Per Share

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.7
- -
- -
0.7
2025
- -
0.7
- -
- -
0.7
2026
- -
0.7
- -
- -
- -

Company Description

CEO
Thomas Olemotz
Full Time Employees
16,360
Sector
Technology services
Industry
Information technology services
Address
Bechtle Platz 1 Neckarsulm BW Germany 74 172
IPO Date
Feb 25, 2008
Business
Bechtle AG, Europe's leading IT service provider headquartered in Neckarsulm, Germany and founded in 1983, designs and delivers comprehensive technology concepts and IT solutions for digital transformation across endpoints, data centres, IT security, multi-cloud environments and artificial intelligence; offers modern workplace solutions, networking, data and analytics, business applications including business intelligence, PDM, CAD/CAM, collaboration, CRM, PLM, ERP, document management, ECM and AI; provides managed services, consulting, integration, training, financing, licence management, IT remarketing, custom procurement platforms and strategies for digital sovereignty; and operates through over 120 locations in 14 European countries serving more than 70,000 customers in industry, trade, finance and public sectors with worldwide reach via the Global IT Alliance. Bechtle employs over 16,000 people across 109 nationalities and maintains a multichannel strategy combining local system houses, e-commerce and international services. In recent developments, the company completed six acquisitions in 2024 including DriveWorks and KubeOps in the UK to enhance cloud and software capabilities, s.i.g. System Informations Gesellschaft in Germany for industrial IT strengthening, and Magnetic Media Network in Italy adding Apple enterprise reseller expertise and quadrupling its Italian workforce; introduced a new visual identity and charitable foundation in 2024; and reported significant Q3 2025 growth with business volume up 8.4% and strong international expansion in Benelux, Spain and the UK while confirming full-year earnings guidance.

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