A great investment in Germany with a healthy dividend-yield over 3%.

The Bechtle AG is a company located in my home area of south-west germany. Bechtle is a provider of hardware and software for mostly medium range companies. Bechtle also maintenance IT-systems and provides IT-support for all tasks. Bechtle is a great growing german company with growing earnings and dividends…

The history of Bechtle is very impressive. In 1983 Bechtle was founded as a One-Man-Startup in the Germany City of Heilbronn. Bechtle expanded fast and in 1992 it traded computer hardware and software in whole Germany. Today Bechtle offers it It-Services and maintenance services in the three german speaking countries Germany, Austria and Switzerland.
Bechtle Konzernzentrale in Heilbronn-Neckarsulm ( Quelle wikipedia.org )Bechtle AG headquarter in Heilbronn-Neckarsulm ( source: wikipedia.org )

It also runs online shops and the general sell of hardware and software licences in whole western Europe and the East-European countries: Poland, Czech Republic and Hungary.

There is not really a reason for fears because of the European debt crisis. The main business is still done in the economic strong germany-speaker area. Bechtle knows of the European economic risks and stated yesterday that there are no plans to open new subsidiaries in the short term outside of Germany.

Bechtles business is very crisis-proof for a company in Germany stock index TecDax. Even the economical very weak year of 2009 didn’t make up any problems for Bechtle.
Bechtle AG revenue germany and other european countries 2006 2007 2008 2009 2010 2011
Bechtle AG gross-margin EBITDA-margin 2006 2007 2008 2009 2010 2011
Bechtle is strong growing and is still able to hold its strong margins. Very good.
Bechtle AG employees Germany rest of Europe number growth 2006 2007 2008 2009 2010 2011
Bechtle is also a strong growing company in the number of its employess. Die workforce had grown 40,9 %. in the timespan of 2006 to 2011. A very positive aspect of this growth is that the revenue per employee grew at about 24%. So Bechtle is growing in a very positive way.

Even after this strong years of growth Bechtle has still 52,2 % of equity capital. A fact that is great for this time.

An additional plus for the Bechtle stock is the shareholder structure. 32 % of the stocks are owned by the founder family of Bechtle. The founder Gerhard Schick is still very interested in his company and is still often present in the company.
Bechtle AG earning earnings per share dividend 2006 2007 2008 2009 2010 2011
The Bechtle stockholder is rewarded by growing earnings and good dividends. Bechtle ist also one of the few German Dividend Aristocrats in the IT sector. Bechtle never reduced dividend since its start of public trading in 2000.

The stock of the Bechtle AG ( ISIN DE0005158703 ; BC8.F ) is a great investment in Germany’s economy. The stock price is 32,75€ or 30,15 US$ and has a 2011 Price-Earning-Ratio of 10,95. The dividend yield is 3,05% and has a 5-year growth rate of 15,66 %. The dividend pay-our-ratio is at 33 %. Bechtle is a great Germany company that is strong growing and acts in a very safe Business.