Q4 2025 Bechtle AG Earnings Call Transcript
Key Points
- Bechtle AG (BHTLF) achieved a business volume growth of 8% in 2025, surpassing their guidance.
- The company had a strong performance in the fourth quarter, with December being the first month ever to achieve over 1 billion in business volume.
- Bechtle AG (BHTLF) expanded its partner network by signing new contracts with Telecom and Avato Systems, enhancing its multi-cloud portfolio.
- The company is investing in digital sovereignty with the Bechtle Index of Sovereignty (BIOS), providing a benchmark for assessing digital sovereignty.
- Bechtle AG (BHTLF) continues to invest in training, with a training ratio of 6% and over 800 young people undergoing training, indicating a commitment to future growth.
- EBIT and EBT declined year-on-year, which the company admits is not satisfactory.
- The economic situation in France posed challenges, impacting Bechtle AG (BHTLF)'s performance in that region.
- The company faced cost increases in 2025, which were only partially compensated by top-line growth.
- There is a high level of uncertainty due to geopolitical situations and economic conditions, which could impact future performance.
- The storage crisis and high demand for memory modules have led to increased prices, potentially affecting Bechtle AG (BHTLF)'s business negatively.
Ladies and gentlemen, a warm welcome to our 2026 Analysts Conference here in Frankfurt.
We hope that you've had time to eat a snack. My name is Martin Link, and me and my team are responsible for investor relations.
Next to you, next to me is Thomas Olemots. All of you know him, and for the very first time, we don't have just one board member but two here today. Our new CFO Christianele is also here.
Not all of you has had the opportunity to get to know him, which is why I would like to kindly ask him to introduce himself.
Thank you very much.
I would also like to warmly welcome all of you and others since 1 January 2026. I am a C, the CFO of Behle Adi. The last 50-25 years, I was also in an IT software company. Worked for companies like Fujitsu, Siemens, Accenture, and also for a long time for SAP. 10 years ago, I moved to London and then worked for companies like Experian, Finastra, and the last few years for the computer centers. Then I came back to Germany.
Ever since 1 January, I have been
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