March 17, 2023 at eight:13 a.m. ET

By David Sachs

Bechtle AG mentioned Friday that net profit grew in 2022 thanks to larger income and acquisitions, and projected development in 2023 regardless of an uncertain worldwide economy.

The German-primarily based tech firm mentioned net profit rose to 251.1 million euros ($266.five million) in 2022, up from EUR231.four million in 2021. Income grew 14% to EUR6.03 billion…

By David Sachs

Bechtle AG mentioned Friday that net profit grew in 2022 thanks to larger income and acquisitions, and projected development in 2023 regardless of an uncertain worldwide economy.

The German-primarily based tech firm mentioned net profit rose to 251.1 million euros ($266.five million) in 2022, up from EUR231.four million in 2021. Income grew 14% to EUR6.03 billion from EUR5.31 billion a year ahead of.

Bechtle, which supplies info-technologies solutions as properly as software program and hardware, mentioned the acquisition of 3 firms drove income development.

The firm expects to see a “substantial boost” in income this year with a related pre-tax margin to 2022 – five.eight%.

On the other hand, Bechtle Chief Executive Thomas Olemotz projected low financial development prices and mentioned provide chain issues persist even if the firm performs comparatively properly due to a basic demand for digitization.

“At the similar time, nevertheless, prospects have grow to be much more conscious of the have to have to invest in future-proof IT environments,” Mr. Olemotz mentioned. “Thus, the executive board is optimistic with regard to the present fiscal year and once more expects Bechtle to provide above-typical small business efficiency regardless of the difficult framework circumstances.”

Bechtle proposed a dividend boost to EUR0.65 a share, up from EUR0.55 in 2021.

Create to David Sachs at david.sachs@wsj.com