Bechtle Ag (BHTLF) Q1 2026 Earnings Call

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WEBVTT NOTE Transcription provided by Deepgram Request Id: 01a0425d-662f-7791-acc0-f309ae3f9774 Created: 2026-08-27T08:36:53.572Z Duration: 1069.4269 Channels: 1 00:00:00.160 -- 00:00:03.199 Thank you, and welcome to our Bechtle 00:00:03.199 -- 00:00:05.680 Ag Analyst Conference on the First Quarter twenty 00:00:05.680 -- 00:00:06.560 twenty six. 00:00:07.759 -- 00:00:09.919 I am delighted by your interest. 00:00:10.800 -- 00:00:11.679 Ladies and gentlemen, 00:00:12.514 -- 00:00:14.355 today, we are reporting 00:00:14.915 -- 00:00:17.875 on a strong start to the year for 00:00:17.875 -- 00:00:18.914 Bechtle Ag. 00:00:19.635 -- 00:00:22.195 We are showing top line and bottom line 00:00:22.195 -- 00:00:23.794 double digit growth rates. 00:00:24.980 -- 00:00:25.859 This is 00:00:26.180 -- 00:00:28.980 all the more remarkable given that the operating 00:00:28.980 -- 00:00:30.820 environment remains challenging. 00:00:31.860 -- 00:00:34.020 Well, with regard to the IT market, I've 00:00:34.020 -- 00:00:35.860 often said size matters 00:00:35.860 -- 00:00:39.379 and we're seeing this again very clearly now. 00:00:40.325 -- 00:00:42.725 Bechtle is one of the largest and most 00:00:42.725 -- 00:00:46.805 important VARs in Europe. Vendors work closely and 00:00:46.805 -- 00:00:48.164 trustingly with us. 00:00:49.605 -- 00:00:52.324 And this is paying off, especially in times 00:00:52.324 -- 00:00:53.364 like these when 00:00:53.910 -- 00:00:56.790 the IT market is characterized by the so 00:00:56.790 -- 00:00:58.550 called memory shortage 00:00:58.790 -- 00:00:59.510 and 00:00:59.910 -- 00:01:02.309 the supply chain bottlenecks 00:01:02.309 -- 00:01:04.069 and clear price increases. 00:01:06.245 -- 00:01:09.525 As usual, today's presentation is divided into three 00:01:09.525...