How did Bechtle AG’s Business volume develop in the 2025 financial year?
The business volume in the 2025 fiscal year totalled €8,596.1 million, up 8.1 per cent on the previous year (€7,949.0 million). In organic terms, the business volume also developed positively with growth of 5.2 per cent.
For more information, see Earnings Position
Which financial indicators are particularly relevant in the Bechtle AG Annual Report 2025?
For Bechtle, the key performance indicators are Business volume, EBT and the EBT margin. However, cash flow, DSOs, the equity ratio and the debt-to-equity ratio are also very important for our company.
How did EBT perform in 2025?
Earnings before taxes (EBT) fell by 6.0 per cent to €324.2 million, compared to €345.1 million in the previous year.
For more information, see Earnings Position
What are Bechtle AG’s strategic priorities, as described in the 2025 Annual Report?
Bechtle has traditionally taken a very long-term view when it comes to the company’s development. In this respect, the new vision, with its six mission statements, is certainly one of the strategic priorities in the 2025 Annual Report.
For more information, see Corporate Culture, Strategy and Managment
How did Bechtle AG report on its sustainability and ESG performance in 2025?
This combined sustainability statement comprises our non-financial group statement in accordance with Sections 315b and 315c in conjunction with Sections 289c to 289e of the German Commercial Code (“HGB”) and the non-financial statement of the parent company in accordance with Sections 289b to 289e HGB. In this way, Bechtle AG complies with its statutory obligation to disclose non-financial information pursuant to the German CSR Directive Implementation Act (CSR-RUG).
For more information, see General basis for preparation of sustainability statements
What is the market and competitive landscape like for Bechtle?
With regard to the expected future economic situation in the relevant national markets, the Bechtle Group sees no concrete influences on demand from either a change in the legal framework or the implementation of major political measures. However, the macroeconomic situation in Bechtle’s key national markets, Germany and France in particular, continues to be characterised by tension. At the beginning of 2026, the IT market have alsobeen burdened by the AI-driven high demand for memory components, which has already led to price increases for PCs. Further price increases for PCs and also for servers and storage are to follow in the first half of 2026. Due to the high demand, the potential risk of supply difficulties and shortages is also repeatedly mentioned. Price increases and possible delivery difficulties could lead to customers postponing projects or being unable to realise them. This could also have a negative impact on Bechtle’s earnings. The development is very uncertain and dynamic, meaning that reliable forecasts are currently not possible. Bechtle systematically accompanies the development in close dialogue with manufacturing partners and customers. However, substantial direct and indirect influences on the economic development of the Bechtle Group cannot be ruled out, even if they cannot be reliably categorised and assessed in terms of probability of occurrence, extent and duration. Exchange rate developments do not play a major role in most countries in which Bechtle is present, as these belong to the euro area and therefore, purchases and billing mostly take place in euros.
For more information, see Forecast Report
What major investments did Bechtle make in 2025?
At €121.0 million, investment expenditure was significantly higher than the previous year’s figure of €88.7 million. As a result, investment ratio increased from 21.8 per cent to 25.6 per cent. This increase is due, on the one hand, to investments in new buildings and in our internal IT. On the other hand, around €23 million is attributable to the business of Bechtle Financial Services AG. It offers rental and leasing models in direct leasing and instalment purchases as financing instruments. The majority of these financing transactions are refinanced directly in the form of forfaiting, but a smaller portion remains on the company’s balance sheet and is therefore also recognised as an investment. Traditional investments therefore totalled around €98 million, which was only slightly above our original forecast of up to €95 million.
For more information, see Assets Position
How has the number of employees at Bechtle changed in 2025?
As of 31 December 2025, the Bechtle Group employed 16,360 people across the whole group of companies. Compared to the previous year (15,801 employees), the workforce increased by 559 people or 3.5 per cent. On a full-time equivalent (FTE) basis, Bechtle employed 15,452 people on average during the year (previous year: 14,926). This corresponds to an increase of 526 people, or 3.5 per cent.
For more information, see People at Bechtle
What are the expectations and forecast for the 2026 financial year, as set out in the 2025 annual report?
The forecast for business volume is between +5% and +10%. Revenue is expected to rise by between 0% and +5%. EBT is expected to grow by between 0% and +5%.
For more information, see Forecast Report
How has Bechtle AG’s segmentation changed in 2025, and what structure is outlined in the report?
The business activities of the Bechtle Group were previously divided into two segments: IT System House & Managed Services and IT E-Commerce. At the beginning of 2025, the management organisation was realigned, and since then Bechtle has pooled responsibility for all distribution channels in the national markets at Executive Board level in one place. Starting with this Annual Report, external reporting will now also follow this logic. The reporting segments are based on our regional markets and are therefore: Germany, France, Benelux and Other Europe (Austria, Czech Republic, Hungary, Ireland, Italy, Poland, Portugal, Spain, Switzerland, the United Kingdom).
For more information, see Earnings Position
Were there any changes to the Executive Board at Bechtle AG in 2025?
Dr Thomas Olemotz’s contract is set to expire on 31 December 2026. By then, he will have served on the Bechtle Executive Board for almost 20 years and will be retiring. Christian Jehle joined the Executive Board as CFO on 1 January 2026. He will initially take over responsibility for finance, group controlling and risk management, which previously fell within the CEO’s remit. Further areas of responsibility will follow during the year. At its meeting on 4 February 2026, the Supervisory Board decided not to extend Antje Leminsky’s Executive Board contract, which expires on 31 December 2026. From 1 January 2027, the Executive Board will once again be a three-member body consisting of Konstantin Ebert (CEO), Michael Guschlbauer (COO) and Christian Jehle (CFO). With this step, Bechtle is returning to a size of Executive Board that already proved successful for the company’s development between 2009 and January 2024.
For more information, see the Bechtle Group