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Bechtle (ETR:BC8) Third Quarter 2024 Results
Key Financial Results
- Revenue: €1.51b (up 2.2% from 3Q 2023).
- Net income: €56.1m (down 16% from 3Q 2023).
- Profit margin: 3.7% (down from 4.5% in 3Q 2023). The decrease in margin was driven by higher expenses.
- EPS: €0.45 (down from €0.53 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Bechtle EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 8.0%.
Looking ahead, revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the IT industry in Germany.
Performance of the German IT industry.
The company's shares are up 4.4% from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of Bechtle's balance sheet and an in-depth analysis of the company's financial position.
Valuation is complex, but we're here to simplify it.
Discover if Bechtle might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
Access Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About XTRA:BC8
Bechtle
Provides information technology (IT) services in Germany, France, Benelux, and Europe.
Flawless balance sheet with solid track record and pays a dividend.
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