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All about the Bechtle Share. 

-3.3 %

Performance ytd at 30/6/2024

5.5 € bn. 

Market cap as of 30/6/2024


All-time high at 9/11/2021

Shareholder Structure
Analysts' Recommendations
Convertible Bond


Since its IPO in 2000, Bechtle has pursued a shareholder-friendly dividend policy focused on continuity. Year after year, the company has thus distributed profits to its shareholders. What is more, the dividend is regularly increased. So far, Bechtle has never reversed this trend. This too underscores the reliability of the distribution policy of Bechtle AG.

Shareholder Structure


The presentation of the share ownership is based on the provisions of § 33 (1) WpHG with respect to the publication of the voting rights announcements.

As of July 2024, 126 million shares



Voting Rights Announcements.

All voting rights announcements are available on EQSNews.



      Release Date

Karin Schick                                                                                                        2/5/2022                                                                                Learn more
Allianz Global Investors         7/5/2021 LEARN MORE
DWS Investment       11/3/2024 LEARN MORE
BlackRock       4/12/2023 LEARN MORE
Flossbach v. Storch






Analysts' Recommendations



15 x Buy, Outperform or Overweight

1 x Hold or Neutral

3 x Underperform or Underweight

Average price traget of €50.92





Price target (EUR)

Baader Bank                                        16/7/2024 Buy 63.00
Barclays                                           2/7/2024 Underweight 38.00
Berenberg                                      23/75/2024 Buy 52.00
BNP Paribas Exane                                          1/7/2024 Underperform 38.00
BofA                                         18/7/2024 Underperform 38.00
Cantor Fitzgerald                                        10/7/2024 Overweight 51.00
Deutsche Bank                                         18/7/2024 Buy 54.00
DZ Bank                                         10/5/2024 Buy 51.80
Hauck Aufhäuser                                          18/7/2024 Buy 51.80
Jefferies                                          18/7/2024 Buy 58.00
Kepler Cheuvreux                                          22/7/2024 Buy 56.00
LBBW                                         24/7/2024 Buy 48.00
Metzler                                         19/7/2024 Buy 54.00
mwb research                                         19/7/2024 Buy 55.00
Oddo BHF                                         19/7/2024 Outperform  52.00
Quirin                                         16/4/2024 Buy 57.00
Stifel                                           8/5/2024 Buy 52.00
UBS                                         18/7/2024 Neutral 44.60
Warburg Research                                         19/7/2024 Buy 51.00




(As of 11/4/2024)


Revenue (€m)

EBT (€m)

Margin (%)

EPS (€)

Median 1,620.5 83.8 5.2 0.48
Average 1,628.6 84.8 5.2 0.48




Revenue (€m)

EBT (€m)

Margin (%)

EPS (€)

Median 1,539.5 92.5 6.0 0.52
Average 1,537.5 91.8 6.0 0.52




Revenue (€m)

EBT (€m)

Margin (%)

EPS (€)

Median x,xxx.x xx.x x.x x.xx
Average x,xxx.x xxx.x x.x x.xx


(As of 15/1/2024)


Revenue (€m)

EBT (€m)

Margin (%)

EPS (€)

Median 1,830.3 108.6 5.9 0.62
Average 1,830.0 108.6 5.9


Financial Year 2024.

(As of 11/7/2024)


Revenue (€m)

EBT (€m)

Margin (%)

EPS (€)

Median 6,799.0 399.9 5.8 2.25
Average 6,808.9 398.4 5.9 2.24

The consensus data is based on the analysts’ estimates, forecasts, and opinions and the consensus derived therefrom does not represent estimates, forecasts, or opinions of the Bechtle AG.

The consensus is provided purely as a courtesy to Bechtle’s shareholders and other stakeholders and for information purposes only and is not intended to, nor does it, constitute investment advice or a solicitation to buy, hold or sell securities or other financial instruments of Bechtle.

Convertible Bond



On November 30, 2023, Bechtle successfully placed unsubordinated unsecured convertible bonds with a principal amount of €300 million, ISIN: DE000A382293 (the Convertible Bonds) with conversion rights into new and/or existing no-par value sordinary shares of Bechtle AG.

The pre-emptive rights of the existing shareholders of Bechtle AG at this time are excluded.

The convertible bonds (denomination of € 100,000 each) will be issued and redeemed at 100% of their principal amount.

The maximum maturity is seven years.

The Bonds will bear interest at a rate of xx %.

The initial conversion price has been set at € xx,xx, representing a premium of xx % above the reference share price of € xx,xx.


For further information, please refer to the ad hoc announcement of November 30, 2023 as well as the press release of the same day.



                                                  Bechtle AG
Principal Amount                                                   €300 million 
Denomination                                                   €100,000 per Bond
Status                                                   unsecured, unsubordinated
Issue Date                                                   08 December 2023
Maturity Date                                                   08 December 2030 (7 years) 
Coupon                                                   2.0 per cent p.a. 
Reference Share Price                                                   €42.30 per share
Initial Conversion Premium                                                   30.00 per cent above the Reference Share Price 
Initial Conversion Price                                                   €54.99 per share 




For further information, please refer to following documents:


Under the following link you will find information on the performance of the convertible bond: