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Bechtle reports surge in Q1 profit

Bechtle AG's preliminary figures show that the group earned over €20m before taxes in the first quarter of 2014, an increase of approximately 45% over the previous year (€14.1 m).

Bechtle AG's preliminary figures show that the group earned over €20m before taxes in the first quarter of 2014, an increase of approximately 45% over the previous year (€14.1 m). Revenue from January to March rose about 14% compared to the previous year (€514.0 m), reaching some €586 m.

Driven by both business segments, this revenue increase was spread throughout the group's German and foreign subsidiaries, it says. The surge in earnings was spurred mainly by domestic system houses.

The final figures will be available in Bechtle AG's interim report for the
first quarter, scheduled for publication on 14 May 2014.