Germany’s largest reseller, Bechtle, claims it is “outperforming the market” after its full-year growth hit 7%.
In preliminary full-year 2023 numbers released this morning, the Neckarsulm-based outfit revealed business volumes clambered 7% to €7.8bn during the period, with revenues up 6.8% to €6.4bn and EBIT up 6.7% to €374m.
This makes it the second largest European-headquartered IT solutions provider behind only UK-based Computacenter. According to preliminary figures the LSE-listed giant unveiled last month, its top line grew 12% last year to exceed £10bn.
Employing over 15,000 people, Bechtle was recently named as the UK’s 41st largest IT solutions provider in Oxygen 250 following its quickfire acquisitions of ACS and Tangible Benefit.
The MDAX and TecDAX-listed outfit, which harbours an aim of becoming a top 10 UK IT solutions provider, recently raised a fresh €300m M&A warchest.
The growth is some way down on the 16.6% uplift in business volumes Bechtle recorded in 2022, but in line with the 7.3% advance registered a year earlier.
“Bechtle was able to successfully weather 2023’s intense economic challenges, once again outperforming the market with a growth of 7%,” stated Bechle CEO Dr Thomas Olemotz.
“This was another impressive team effort on the part of all our colleagues across Europe and also underpins just how resilient our business model is even in the face of harsh conditions. In particular, our public sector and major account business has shown some very positive development.”