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Mixed fortunes for Germany's Bechtle and Cancom as COVID-19 lockdowns hit Q2 results

Quarterly numbers reveal how each reseller fared during the peak of European COVID lockdowns

Mixed fortunes for Germany's Bechtle and Cancom as COVID-19 lockdowns hit Q2 results
  • Josh Budd
  • Josh Budd
  • 13 August 2020
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German reseller powerhouses Bechtle and Cancom have both revealed financial figures for Q2 - a three-month period of extreme pressure for European businesses as COVID-19 took hold. From April to June, Bechtle's revenue increased by 3.9 per cent year on year to €1.3bn, while operating income (EBIT) grew by 4.3 per cent to €59.5m. EBIT margin remained unchanged at 4.4 per cent. Bechtle's share price fell by around four per cent on Wednesday as the results were published. Its core business...

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