Germany-based IT service provider Bechtle has delivered better-than-expected Q2 results, fueling a double-digit stock surge. Shares jumped over 10% to €40.86 as business volume grew 5.1% year-over-year, signaling renewed client confidence in IT projects. While revenue rose modestly to €1.49 billion (+0.8%), profitability outperformed analyst forecasts—EBIT declined 20% to €66.8 million, but this was less severe than anticipated due to prior-year one-off effects. Net profit settled at €47.7 million, with operational momentum improving significantly from Q1.
Recovery Gains Momentum
Management confirmed its annual outlook, noting the positive trend extended into July. Analysts highlight rebounding demand from public-sector clients in Germany and sustained international strength as key drivers. The results mark a potential turnaround after months of stagnation, with investors betting on a broader recovery in IT spending.