Bechtle continues to feel restraint in online trading
In the third quarter, the IT service provider Bechtle continued to feel the restraint of medium-sized customers. Total revenue increased by one percent year-on-year to 1.48 billion euros, as the MDax company announced in Neckarsulm on Friday. This was significantly less than previously estimated by analysts. While business with the installation and management of IT systems grew, online trading in IT components continued to decline.
CEO Thomas Olemotz confirmed the annual forecasts and referred to a significant increase in incoming orders in the quarter. Bechtle achieved an increase in earnings before taxes of 6.4 percent to 93.9 million euros. On balance, Bechtle increased earnings by slightly more than five percent to just under 67 million euros.
Despite the decline in online trading, Bechtle's IT services continued to generate revenue in the third quarter, as shown in the quarterly figures. The company's CEO, Thomas Olemotz, acknowledged this and highlighted the significant increase in incoming orders during that period.
Source: www.dpa.com
