Financial PerformanceQ1 preliminary results came in significantly below market's expectations as BC8 continues to face the impact of challenging economic conditions, especially from the current budget freeze of German public clients.
Market UncertaintyBechtle faces a similar environment in 1Q25, with customers remaining cautious amid ongoing macroeconomic uncertainty and postponing their IT investments.
Revenue DeclineThe biggest miss is once again the bottom line, with EBT only reaching €55m, a 33% decline YoY, and a 3.8% margin, compared to the company-compiled consensus of €73m.