Accenture Gets Big in Germany with Umlaut

/ June 15, 2021

Accenture made a big move with the acquisition of Umlaut, an ER&D vendor headquartered in Germany. The transaction comes as a surprise: umlaut brings EUR 350m in revenues. It is the first sizable acquisition that Accenture made for Industry X. Up to now

Bertrand Does Better than Competitors in Q3

/ September 6, 2020

Bertrandt reported its Q3 FY20 results (calendar Q2 2020). Revenues were EUR 205m, down by a massive-20.9% yoy, and the EBIT margin was -0.9% (Q3 FY19: +2.7%). Yet, Bertrandt’s results were better than those of EDAG ( yoy revenues down by 32.6%) and Akka (-31.4% yoy at CC/CS).

Bertrandt Suffers from its Lack of Diversification in Q2 FY20

/ June 5, 2020

A bit more than two years ago, the share of Bertrandt was above EUR 100 and its market cap above EUR 1bn. Investors liked Bertrandt’s annual growth of 10% and its high-single-digit EBIT margin. Today, Bertrandt’s market cap varies between EUR350-400m, and the financial performance continues to deteriorate.

UPDATED: Bertrandt Ends its FY19 with a Low Point

/ December 12, 2019

Bertrandt had a mixed Q4 FY19 performance with revenues up 2.6% and an EBIT margin of 5.2% (down 330 bps). For the full year, revenues reached EUR 1,060m, up 3,8%, within the guidance range the company had provided (EUR 1,041-1,071m).