Bechtle: First look at 2021

Bechtle should publish its first figures for 2020 at the beginning of February. The analysts of the DZ Bank expect a turnover of 5.8 billion euros. The profit before taxes should be at 277 million euros. Per share there should be a profit of 4.76 euros (old: 4.48 euros).

With these numbers, the fourth quarter must have been strong. Public clients in particular are said to have provided impetus.

On March 19, Bechtle will publish the forecast for 2021. Bechtle will then probably speak of strong growth in sales and pre-tax profit. That would be an increase of 5 percent to 10 percent in each case. The experts believe that sales of 6.38 billion euros are likely in 2021. They see earnings per share at EUR 5.42 (old: EUR 5.32).

You confirm the buy recommendation for Bechtle shares. The price target was previously EUR 182.00. In the new study it rises to 209.00 euros.

One of the analysts’ hopes for 2021 lies in the cloud segment. There can be economies of scale here, and there can also be cross-selling opportunities. The experts also believe that Bechtle can gain market share overall.

The shares of Bechtle lose 0.5 percent in the afternoon to 171.30 euros.


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