The sluggish economy and the public sector’s investment retention carefully vote for the IT service provider Bechtle for 2025.
The first half of the year in particular is likely to be weak, said CEO Thomas Olemotz on Friday at the balance sheet press conference. Sales and input tax could therefore increase or fall throughout the year.
The economic situation among medium -sized customers is still tense and, above all, specific orders of the public sector were long coming before government formation in Germany, said Olemotz. “We currently have the situation that we have never had before. (…) We have never had a higher framework contract volume in the area of public customers at the start of the year and at the same time the exploitation of these contracts is more than ever.”
So the potential is great. But: As long as the federal government is not yet in office and therefore capable of action and the budget for this year is not yet adopted, “we have to assume that this framework contract volume initially remains a future potential”. The business with the German public sector is extremely important for Bechtle with a share of around a quarter in the group sales.
Therefore, Olemotz 2025 expects up to 5 percent in the case of business volume with zero growth or a slight plus. Sales could fall or increase by up to 3 percent, here the software business may not be shown in full due to certain accounting regulations. The input tax result could decrease or increase by up to 5 percent in 2025.
Last year, the business volume due to good software transactions had climbed by 2 percent to a good 7.9 billion euros, but sales, however, fallen by almost two percent to 6.3 billion euros despite the end of the year. The input tax result fell by almost 8 percent to 345 million euros. Bechtle thus confirmed the key data published at the beginning of February for 2024.
The profit from the shareholders below the line fell by 7.5 percent to 245.5 million euros in the old year. However, the dividend should remain stable at 0.70 euros per share. This lies the distribution rate a little above the long -term dividend strategy, but this is a sign of confidence in terms of future business development, says Olemotz.
The Bechtle course initially fluctuated on the stock exchange after the outlook was published. Most recently, the shares were listed around half a percent with 37.88 euros. A recovery has been running for a multi -year low under 29 euros in January, which was recently fired by the multi -billion dollar infrastructure plans by the Union and the SPD. However, their implementation is uncertain because they need a change in the Basic Law. The negotiations between the Union and the SPD with the Greens on their approval in the Bundestag was already successful on Friday.
Bechtle share at annual high
Frankfurt (dpa -AfX) – After initial disappointment, investors quickly made friends with the view of Bechtle on Friday. The papers of the IT service provider, which were initially sucked by up to 3.8 percent, recently belonged to the top group in the MDAX with an increase of 7.62 percent to 40.54 euros and a new annual high of 41.68 euros. Buyers had found themselves again on the 200-day average lines.
Warnings such as “tense overall economic situation” and “immense uncertainties” from the company briefly caused uncertainty. Jefferies expert Martin Comtesse saw the cautious view of the Neckarsulmer in the context of the disappointing development of the previous year. It should be considered more than the soil of development in the new year. Comtesse expects many good news about public orders as soon as the new German government is in office.
It also looked positive that the planned billion -dollar package for defense and infrastructure from the Union and the SPD probably took an important hurdle. The parliamentary tips of Union, SPD and Greens have agreed after long discussions, as the German press agency learned from participant circles.
Neckarsulm (dpa-Afx)
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