Revenue distribution by sectors:

• IT system house & managed services: approx. 60%
• IT e-commerce: approx. 40%

TOP 3 markets:

1. Germany: approx. 50%
2. Switzerland: approx. 15%
3. Austria: approx. 10%

Bechtle AG generates the majority of its revenue from the IT system house business and managed services, accounting for about 60% of total revenue. This includes services such as IT consulting, implementation, and management of IT infrastructures.

The IT e-commerce sector contributes about 40% to the revenue and involves the sale of IT products through online platforms.

Geographically, Germany is the largest market for Bechtle, followed by Switzerland and Austria. These markets are crucial for the company as they generate the majority of the revenue and provide a strong customer base.

Production Sites: No specific production sites, as Bechtle AG primarily operates as an IT service provider and system house.

Bechtle AG is mainly engaged in providing IT services and distributing IT products. The company does not produce physical products in the traditional sense, but offers IT solutions, managed services, and consulting services. The focus is on integrating and implementing IT infrastructures for businesses.

Bechtle collaborates closely with a variety of technology partners, including leading hardware and software manufacturers, to offer its customers customized IT solutions. Therefore, there are no specific production facilities, but rather a network of branches and partners that support the distribution and implementation of IT solutions.

Revenue growth (estimated): 7-10% annually (2025) Profit growth (estimated): 5-8% annually (2025)

Bechtle AG pursues a growth strategy based on several core areas. An essential component is the continuous expansion both organically and through targeted acquisitions. The company aims to further expand its market presence in Europe by strengthening existing markets and entering new markets.

Another focus is on digitization and expanding the IT service portfolio. Bechtle heavily invests in cloud services, managed services, and IT security solutions to meet the increasing customer demand in these areas.

Additionally, Bechtle emphasizes innovation and partnerships with leading technology providers to offer its customers state-of-the-art solutions. This includes developing new products and services tailored to the specific needs of customers.

Through these strategic measures, Bechtle aims to solidify its position as a leading IT service provider in Europe and achieve sustainable growth.

Commodities/Materials: Electronic components, IT hardware

Main supplier countries: China, Taiwan, USA

Bechtle AG is a leading IT system house and service company in Europe. It mainly imports electronic components and IT hardware required for distribution and integration into IT solutions.

China and Taiwan are significant suppliers of electronic components and hardware, as many IT product manufacturers are based there. The USA is also an important partner, especially for specialized IT solutions and software products.

These imports are crucial for Bechtle's business model as they form the basis for the IT services and products offered.

Market share in Germany: approximately 10% (2024) Revenue growth: 8.5% (2024) EBIT margin: 5.6% (2024)

Bechtle AG has established itself as one of the leading IT service providers in Germany. With a market share of around 10% in 2024, the company demonstrates a strong presence in the German market. The revenue growth of 8.5% in 2024 indicates solid demand for IT services and solutions, supported by increasing digitalization across various industries.

The EBIT margin of 5.6% in 2024 shows that Bechtle is capable of delivering its services profitably, reflecting efficient operations and effective cost control. Bechtle's competitive advantage lies in its wide range of products and services, as well as its strong customer base spanning both the public and private sectors.

Additionally, Bechtle benefits from strategic partnerships with leading technology providers and a well-established sales network in Europe. These factors contribute to strengthening the company's competitive edge and further expanding its market position.

Institutional Investor Share: 45% (estimated for 2025)

Insider Purchases: No significant purchases in the last 12 months

Insider Sales: 1.2 million euros (estimated for 2025)

The institutional investor share in Bechtle AG is estimated to be around 45%. This demonstrates the confidence of large investors in the stability and growth potential of the company.

There have been no significant insider purchases in the last 12 months, which could indicate that the management currently does not see the stock as undervalued. However, insider sales amounting to approximately 1.2 million euros have been recorded, suggesting profit-taking or portfolio adjustments.

This information is important for investors to assess market sentiment and management's confidence in the company's future development.

Market share of Bechtle AG: 8% (estimated, 2025)

Main competitors and their market shares:

1. SAP SE: 20%
2. Deutsche Telekom AG (T-Systems): 15%
3. Atos SE: 12%
4. Capgemini SE: 10%
5. Bechtle AG: 8%
6. Fujitsu Technology Solutions: 7%
7. IBM Deutschland: 6%
8. DXC Technology: 5%
9. NTT DATA: 4%
10. Accenture Deutschland: 3%

Moat of Bechtle AG:

Bechtle AG has a solid moat, characterized mainly by a broad product and service portfolio as well as a strong regional presence in Germany and Europe. The company has an extensive network of IT system houses and e-commerce stores, providing it with a certain stability and flexibility in the market.

However, compared to larger competitors like SAP and Deutsche Telekom, which have more comprehensive global networks and resources, Bechtle's moat is less pronounced. These companies can often benefit from economies of scale and a stronger international presence.

Bechtle's advantage lies in its ability to offer tailored IT solutions to medium-sized companies, which provides a competitive edge in certain market segments. Nevertheless, they must continuously invest in innovation and customer relationships to maintain and expand their market share.

Revenue Growth: 8.5% (2024)
Profit Growth: 10.2% (2024)
Market Share in the IT Services Sector in Germany: 12% (2024)

Bechtle AG achieved solid revenue growth of 8.5% in 2024, driven by strong demand for IT services and solutions. The company has further solidified its market position in Germany, holding a 12% market share in the IT services sector.

The profit growth of 10.2% in 2024 indicates that Bechtle operates efficiently and manages its costs well. This is a positive sign for investors as it suggests sustainable profitability.

In addition, Bechtle is continuously investing in new technologies and expanding its product and service portfolio, making the company future-proof. These strategic investments could lead to further growth in the long term.

Overall, these factors indicate that Bechtle AG is a stable and potentially high-growth investment, especially for investors interested in the long-term development in the IT sector.

Dividend Yield: 2.1% (2024)
Dividend Payment: 0.65 EUR per share (2024)
Dividend History: Continuous payout for over 10 years

Bechtle AG has a solid dividend history and has been consistently paying dividends to its shareholders for over a decade. The dividend yield of 2.1% in 2024 reflects a moderate payout policy that aligns with the company's strategy to reward shareholders while also investing in future growth.

The reliability of dividend payment is supported by Bechtle's stable financial performance and sustainable business model. The company has demonstrated in the past its ability to pay dividends even in economically challenging times, indicating a strong liquidity position and effective risk management.