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

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 busin...