Bechtle AG (LTS:0DPM)
€ 30.65 0.41 (1.38%) Market Cap: 3.86 Bil Enterprise Value: 4.13 Bil PE Ratio: 15.21 PB Ratio: 2.07 GF Score: 86/100
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Q3 2024 Bechtle AG Earnings Call Transcript

Nov 8, 2024 / 10:59 AM GMT
Release Date Price: €32.64 (-0.34%)

Key Points

Positve
  • Bechtle AG (BECTY) achieved international growth of 10.7%, with organic growth at a strong 8.8%.
  • The company reported a positive cash flow from operating activities, amounting to nearly EUR290 million from January to September.
  • Bechtle AG (BECTY) successfully reduced inventories and improved receivables management, contributing to cash flow optimization.
  • The company expanded its workforce by 5.2% year-on-year, with a significant portion of new employees joining through acquisitions.
  • Bechtle AG (BECTY) made strategic acquisitions, including Qualcomm and DriveWorks in the UK, enhancing its market position and service offerings.
Negative
  • Bechtle AG (BECTY) had to adjust its guidance twice in the year due to extraordinary circumstances, indicating challenges in meeting expectations.
  • The company experienced a decline in business volume by 1.1% in Q3, with organic terms showing a decrease of 1.9%.
  • There was a significant cost pressure from increased personnel and operating expenses, including higher vehicle costs.
  • EBIT remained under pressure due to rising costs and a lack of top-line growth, impacting manufacturer bonuses and other operating income.
  • The business volume in Germany fell by 8%, attributed to a high benchmark from the previous year and a challenging economic situation.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

BC8G.DE - Bechtle AG
Q3 2024 Bechtle AG Earnings Call
Nov 08, 2024 / NTS GMT

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Conference Call Participants
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* Editor

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Presentation
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Unidentified Company Representative [1]
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Thank you very much. Welcome ladies and gentlemen to our analyst conference on Q3 of 2024 and thus, the first nine months of the current financial year of Bechtle AG. I'm very happy to see that you're interested in our company.

The most important ratios on the business development in Q3 were already covered in our ad hoc statement of October 22. Never before in its history has Bechtle had to adjust its guidance twice in a year. You can imagine how hard it was for us and at the same time, how extraordinary the circumstances were that forced us to do this.

Having said that, our numbers speak for themselves. And of
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