Bechtle delivers strong 2022
- Business volume grows by more than 16%
- Revenue up some 13% to over €6bn
- EBT climbs more than 9% to some €350m
- EBT nearly on par with previous year at 5.8%
Neckarsulm, 7 February 2023 – Bechtle AG has published its preliminary figures for the 2022 fiscal year, exhibiting strong growth with an increase in business volume to €7.28bn, or over 16%. Revenue recorded a largely organic increase of more than 13%, and for the first time surpassed the €6bn mark. Earnings before taxes (EBT) gained more than 9% reaching approximately €350m, which translates to an expected EBT margin of 5.8% (previous year: 6.0%). On 31 December 2022, Bechtle’s workforce counted 14,046 employees, or 1,166 more than in the previous year (12,880).
Performance was exceptionally good in Q4 2022. With a business volume of €2.18bn, the year’s final quarter was the best quarter yet in Bechtle’s 40-year history. Recording an over 20% jump, business volume thus kept up the fast pace of the previous quarter. Revenue increased by some 18%, while EBT in the fourth quarter was up 10% with an EBT margin of 5.7%. A surge in incoming orders over the course of the quarter led to an order backlog of around €1.6bn, which is on par with the high level recorded on 30 September 2022.
The fourth quarter also saw Bechtle turn the page on operating cash flow, which will be positive for the year overall. Among other things, it was the successive decrease of stock levels that helped bring about this welcome development.
“The extremely difficult economic backdrop in particular makes our numbers for 2022 an exceptional success. Once again, the great resilience of our business model came to the fore. Still, we are above all talking about a fantastic team effort of our international Bechtle family,” says Dr Thomas Olemotz, CEO, Bechtle AG.
Bechtle AG will publish its final, audited results for the 2022 fiscal year on Friday, 17 March 2023.
Press Release
Dr Thomas Olemotz