Bechtle : Annual Report 2021

A N N U A l R E p O R T 2 0 2 1

Your strong IT partner. Today and tomorrow.

2

REVENUE:EBT:

€5.305 billion

(PLUS 5.1%)

5 YEARS IN BRIEF

320.5 million

(6.0% MARGE)

REVENUE								€m
0	1,000	2,000	3,000	4,000	5,000	6,000	7,000	Total

For revenue

performance 20173,144.8¹ see page 93 ff

2018				3,829.3¹
2019				4,712.0¹
2020				5,050.3¹
2021					5,305.5
				(+ 5.1%)
REVENUE BY SEGMENTS		€m

For segment	2020		2021
reporting	1,669.0¹	IT E-Commerce	1,910.7
see page 97 ff
		IT System House &
	3,381.3¹	Managed Services	3,394.8
	5,050.3¹	Total	5,305.5

		¹ Adjustment prior year
		EBT													€m
	0	50	100	150		200	250			300	350	400	Total
For earnings
situation	2017														162.8
see page 94 f
	2018														193.2
	2019														236.3
	2020														270.7
	2021														320.5
																(+18.4%)
		EMPLOYEES												as of 31 December
	0	2,000	4,000	6,000	8,000	10,000		12,000	14,000	Total
For development of
employee numbers	2017														8,353
see page 66 ff
	2018														10,005
	2019														11,487
	2020														12,180
	2021														12,880
																(+ 5.7%)

Bechtle AG Annual Report 2021

		3
O v e r v i e w o f t h e B e c h t l e G r o u p

EPS:DIVIDEND:

€1.84 €0.55 3

(PLUS 20.2%)		(PLUS 22.2%)

01. 5 YEARS IN FIGURES

															Change
													2021		in %
				2017		2018		2019			2020			2021-2020
Business volume		€k 3,570,124	4,323,318		5,374,453		5,819,243		6,245,794	7.3
Revenue		€k 3,144,775¹ 3,829,303¹ 4,711,997¹	5,050,271¹	5,305,489	5.1
IT System House & Managed Services	€k 2,235,490¹ 2,576,136¹ 3,062,815¹	3,381,306¹	3,394,793	0.4
IT E-Commerce		€k	909,285¹ 1,253,167¹ 1,649,182¹	1,668,965¹	1,910,696	14.5
EBITDA		€k	196,182		237,058		325,980		375,092		428,724	14.3
IT System House & Managed Services	€k	140,614		157,764		209,495		251,677		286,693	13.9
IT E-Commerce		€k	55,568		79,294		116,485		123,415		142,031	15.1
EBIT		€k	164,252		195,081		241,370		276,955		325,721	17.6
IT System House & Managed Services	€k	114,501		126,084		149,832		179,451		212,237	18.3
IT E-Commerce		€k	49,751		68,997		91,538		97,504		113,484	16.4
EBIT margin		%	5.2¹	5.1¹	5.1¹	5.5¹	6.1
IT System House & Managed Services	%	5.1¹	4.9¹	4.9¹	5.3¹	6.3
IT E-Commerce		%	5.5¹	5.5¹	5.6¹	5.8¹	5.9
EBT		€k	162,804		193,242		236,320		270,705		320,500	18.4
EBT margin		%	5.2¹	5.0¹	5.0¹	5.4¹	6.0
Earnings after taxes		€k	114,562		137,141		170,484		192,547		231,446	20.2
Earnings per share		€	0.91²	1.09²	1.35²	1.53²	1.84	20.2
Dividend per share		€	0.30²	0.33²	0.40²	0.45²	0.55³	22.2
Equity ratio		%	53.9		43.6		42.4		43.2		44.8
Cash and cash equivalents4	€k	174,827		250,922		272,197		403,173		431,751	7.1
Working capital		€k	492,865		580,794		647,728		652,674		693,694	6.3
Cash flow from operating activities	€k	54,261		140,525		185,973		317,453¹	284,492		−10.4
Number of employees (as of 31.12)		8,353		10,005		11,487		12,180		12,880	5.7
IT System House & Managed Services		6,853		7,772		9,097		9,736		10,156	4.3
IT E-Commerce				1,500		2,233		2,390			2,444		2,724	11.5
1 Adjustment prior year	3 Proposal to the Annual General Meeting
2 Adapted to share split	⁴ Incl. time deposits and securities

For more key figures

see multi-year overview, page 250 ff

02.  REVIEW BY QUARTER 2021

1st quarter	2nd quarter	3rd quarter	4th quarter	FY 2021
01.01-31.03	01.04-30.06	01.07-30.09	01.10-31.12	01.01- 31.12

Business volume	€k		1,510,202		1,432,793		1,496,092		1,806,707		6,245,794
Revenue	€k	1,291,367¹	1,238,289¹	1,277,215¹	1,498,618	5,305,489
EBITDA	€k	86,951	107,547	114,188	120,038	428,724
												From 12 May 2022,
EBIT	€k	62,134	82,613	88,425	92,549	325,721
												you can find
EBT	€k	60,988	81,191	87,028	91,293	320,500
the latest figures
												for the first
EBT margin	%	4.7¹	6.6¹	6.8¹	6.1	6.0
quarter of 2022
Earnings after taxes	€k	43,624	57,433	62,731	67,658	231,446	at bechtle.com/
												reports
1 Adjustment quarter

Bechtle AG Annual Report 2021

The diversity and colours of our employees who are depicted in this annual report reflect what Bechtle stands for. Our teams in Hamburg and Neckarsulm are representative of more than 12,880 employees.

Dilara Cakil, Talent Acquisition Specialist, System House Hamburg

Sina Sierk, Internal Sales, System House Hamburg

Rainer Thomsen, Branch Manager Kiel, System House Kiel

TO OUR SHAREHOLDERS