German VAR Bechtle has just posted a 15 percent hike in revenues, with its UK division growing by 30 percent. Bechtle as it closed its 2017 financial year with an increase in revenues to £3.3 billion.
Bechtle CEO Thomas Olemotz claimed the launch of the firm’s e-commerce platform as its crucial achievement this year.
Following its half-year financial results, Bechtle claimed that it had already made €33 million-worth of strategic investments in 2017, “to ensure future competitiveness”; almost as much as the firm spent for the entirety of 2016 when investments reached €39.6 million.
Accounts reveal that Bechtle continued spending in the second half of the year, bringing total investments for the year to €67.2 million.
Key achievements include the launch of the cloud’ platform, the complete relocation of the Bechtle datacentre to Europe’s largest data centre campus in Frankfurt, and the go-live of the new bechtle.com as the digital marketplace for the broad Bechtle offering.”
The lion’s share of Bechtle’s revenues was still generated by IT system house and managed services, with €1.01bn revenues generated by e-commerce.
Its positive results take Bechtle towards its mid-term goal of becoming a €5 billion powerhouse by 2020. The VAR first broke through the €3 billion sales mark in 2016.
Some €2.51 billion or two-thirds of revenues, were derived from Bechtle’s German market and the UK market only made up ten percent of the sales. The UK side of the outfit grew 30 percent ent across the board, with over 78 percent growth in the services business and 50 percent growth in the software and cloud business.
Bechtle’s UK business has made a strategic shift from being transactional business into a “complete solutions and services business”, with a transactional engine to back it up.
German reseller Bechtle has snapped up British hardware procurement VAR Tangible Benefit.
