United Kingdom

Bechtle raises 2017 sales, profit guidance after Q3

Friday, 10 Nov 2017 

Nov 10 (Reuters) - Bechtle AG :Says ‍outlook for year adjusted upwards​.Says ‍now plans to deliver very significant revenue and earnings growth​ vs previous forecast for significant growth.‍Says as originally predicted, EBT margin is expected to at least remain at prior-year level​.Says this will however only be possible if economic framework conditions remain stable in Q4, vendors are able to supply high quantities needed towards year​-end.Says is confident that it will experience another successful fiscal year​.‍Q3 revenue increased 19.7 per cent to eur873.9 million​.Q3 ‍earnings before taxes (EBT) climbed 16.4 per cent to eur42.2 million​.Q3 EBT margin remained at a high level of 4.8 per cent​.