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
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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