logo
Plus   Neg
Share
Email

Bechtle FY17 EBT, Revenue Rise - Quick Facts

Information technology company Bechtle AG (BC8G) on Friday reported 12 percent growth in its earnings before taxes or EBT for the fiscal year 2017, while revenues grew over 15 percent.

The Group's EBT for the year rose about 12 percent from last year to 163 million euros, while EBT margin was 4.6 percent.

Revenue for the year increased 15 percent from the prior year to around 3.57 billion euros.

The company noted that the IT group showed double-digit growth rates across all four quarters of 2017.

"We were able to keep up our excellent momentum throughout the year, which also enabled us to compensate extraordinary items to the amount of EUR4.5m, which had a positive effect on earnings in the previous year," Dr Thomas Olemotz, CEO of Bechtle AG, said.

"At the same time, we continued to invest in numerous strategic projects to further develop our top-notch position in the European IT market," Olemotz added.

Bechtle will publish its full, audited financial statements for the 2017 fiscal year on Friday, 16 March 2018.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Amazon.com Inc.'s (AMZN) Chief Executive Jeff Bezos has told the company's employees said that the tech giant is not too big to fail, according to media reports. Shares of Nordstrom Inc. (JWN) slipped 10 percent in extended hours on Thursday after the department store chain's full-year revenue outlook fell short of Street estimates. Seattle-based Nordstrom's third-quarter profit dropped to $67 million or $0.39 per share from $114 million or $0.67 per share... Shares of Nvidia Corp. (NVDA) plunged 16% in extended session on Thursday after chip designer's third-quarter revenues and fourth quarter outlook fell short of Wall Street estimates. Santa Clara, California-based Nvidia's third-quarter profit surged to $1.23 billion or $1.97 per share from $838 million...
Follow RTT