Cost ChallengesThis decline is mainly due to increased personnel costs, driven partly by acquisitions made in 2024, and partly by a marked rise in non-wage labour costs.
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 EnvironmentBechtle faces a similar environment in 1Q25, with customers remaining cautious amid ongoing macroeconomic uncertainty and postponing their IT investments.