Bechtle (BC8) Q3 2026 earnings summary

Executive summary

• Q3 business volume rose 19.0% to €2,438.0m, including 17.5% organic growth; EBT increased 13.9% to €91.7m.

• Incoming orders grew 18.8% to €2,510.2m and backlog reached a record €3,606.8m at 30 September 2026.

• 9M business volume rose 16.8%, revenue 10.0%, EBIT 18.8% and EBT 15.3%.

• FY 2026 EBT growth guidance was raised to >10%, with strong Q4 momentum expected.

Financial highlights

• Q3 revenue increased 6.1% to €1,684.4m; organic revenue grew 4.6%.

• Gross profit rose 10.9% to €324.1m; gross margin was 19.2% vs. 18.4% a year earlier.

• EBIT increased 18.6% to €99.0m; EBITDA rose 16.4%, with EBITDA margin at 8.5% vs. 7.8%.

• Earnings attributable to shareholders rose 10.6% to €63.6m; Q3 EPS was €0.50 vs. €0.45.

• 9M EBITDA was €378.0m, EBIT €248.2m and EBT €233.5m; attributable earnings reached €166.5m.

Outlook and guidance

• FY 2026 business volume growth guidance remains >10%; revenue growth guidance remains 5%–10%.

• EBT growth guidance rose from 5%–10% to >10%; full-year EBT margin is expected slightly below the prior-year 3.8%.

• Significantly positive operating cash flow is still expected for FY 2026.

• Strong Q4 growth is expected despite a high prior-year comparison base, supported by record backlog and encouraging early October figures.