March 17, 2023 at 8:13 a.m. ET

By David Sachs

Bechtle AG mentioned Friday that internet revenue grew in 2022 because of greater income and acquisitions, and projected progress in 2023 regardless of an unsure international economic system.

The German-based tech firm mentioned internet revenue rose to 251.1 million euros ($266.5 million) in 2022, up from EUR231.4 million in 2021. Income grew 14% to EUR6.03 billion…

By David Sachs

Bechtle AG mentioned Friday that internet revenue grew in 2022 because of greater income and acquisitions, and projected progress in 2023 regardless of an unsure international economic system.

The German-based tech firm mentioned internet revenue rose to 251.1 million euros ($266.5 million) in 2022, up from EUR231.4 million in 2021. Income grew 14% to EUR6.03 billion from EUR5.31 billion a 12 months earlier than.

Bechtle, which gives information-technology providers in addition to software program and {hardware}, mentioned the acquisition of three firms drove income progress.

The corporate expects to see a “important enhance” in income this 12 months with an identical pre-tax margin to 2022 – 5.8%.

Nonetheless, Bechtle Chief Govt Thomas Olemotz projected low financial progress charges and mentioned provide chain issues persist even when the corporate performs comparatively nicely on account of a basic demand for digitization.

“On the identical time, nonetheless, clients have grow to be extra conscious of the necessity to put money into future-proof IT environments,” Mr. Olemotz mentioned. “Due to this fact, the chief board is optimistic with regard to the present fiscal 12 months and once more expects Bechtle to ship above-average enterprise efficiency regardless of the difficult framework circumstances.”

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

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