{
 "as_of": "2026-11-06",
 "cmr": "de-cm-kg/XETRA/BC8",
 "fence": "The page is the record's research on the issuer — no analyst, no rating, no view.",
 "markdown": "The page is the record's research on the issuer — no analyst, no rating, no view.\n\n# BECHTLE AG O.N. (Xetra: BC8) — research page\n\nAs of 2026-11-06 · de-cm-kg · record version 1\n\n## Identity and listing\n\nThe issuer is BECHTLE AG O.N., listed on Xetra under ticker BC8, ISIN DE0005158703, LEI 529900HA2QT774RUXW59. Its security type is Corporate and its segment is MDAX. Its sector is not on the record, as the Xetra instruments file carries index membership and not a sector classification. Its jurisdiction is Germany (Handelsregister HRB). Its status is listed, not halted.\n\n## The disclosure read\n\nThe record holds 2 filings in the window 2025-11-06 to 2026-11-06, on 2 filing days, both of type corporate_news. The median gap between filing days is 96 days. The latest filing is dated 2026-08-12, 86 days before the record date of 2026-11-06, and is of type corporate_news. The Xetra peer group holds 419 issuers with a median cadence gap of 22.8 days, a median of 6 filings, and a median latency of 5.5 days. Sector peer figures for DE are not on the record.\n\n## Auditor\n\nThe auditor of record is PricewaterhouseCoopers GmbH Wirtschaftsprüfungsgesellschaft, with its location not on the record. Auditor changes are not on the record, as this register has no lifecycle type map yet.\n\n## Events and halts\n\nListing, delisting, name change, domicile change and segment move are not on the record, as this register has no lifecycle type map yet. The halt flag reads listed, not halted.\n\n## Orderability\n\nThe outcome is ACM-200 for each client category the chapter names: Professionelle Kunden, Privatkunden and Geeignete Gegenparteien, each determinable. The rule version is acm-68000/de/mifid-ii-product-governance-produkt-berwachung/r1, with the chapter as of 2026-11-04.\n\n## Coverage\n\nThe issuer's investor-relations page names 18 research houses: Baader Bank/AlphaValue, Berenberg, BNP Paribas Exane, Cantor Fitzgerald, Deutsche Bank, DZ Bank, Jefferies, Kepler Cheuvreux, Metzler, mwb research, Oddo BHF, UBS, BofA, J.P. Morgan, LBBW, MPCM, Quirin and Redburn.\n\n## Open research\n\nNo openly published research notes were found on the record.\n\n## Licensed\n\nLicensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.\n\n## As-of depth\n\nThe market's vintage is not sealed. No issuer years are sealed, and the market's earliest sealed date and the live record start date are not on the record.\n\n## Sources\n\n9 source pages are named on this page; every value above carries its own source page and read date in the numbers.\n\n- https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (identity.exchange)\n- https://api.gleif.org/api/v1/lei-records/529900HA2QT774RUXW59 (identity.jurisdiction)\n- https://mapping.gleif.org/api/v2/isin-lei/latest/download (identity.lei)\n- https://mcp.de-cm-kg.ai/events/XETRA/BC8 (the disclosure lines)\n- https://www.cashmarket.deutsche-boerse.com/cash-en/Stay-Informed/current-regulatory-topics/mifid-ii-releases/4086638!suspension-list (the halt flag)\n- https://reports.bechtle.com/annual-report/2025/_assets/downloads/add-further-information-bechtle-ar25.pdf (the auditor)\n- https://mcp.de-cm-kg.ai/book/aio.json (the orderability chapter)\n- https://www.bechtle.com/de-en/about-bechtle/investors/bechtle-share (coverage)\n- https://mcp.de-cm-kg.ai/record/XETRA/BC8 (the record)\n",
 "market": "DE",
 "node": "de-cm-kg",
 "numbers": {
  "as_of_depth": {
   "issuer_years_sealed": [],
   "live_record_began": null,
   "node_history_from": null,
   "node_years_sealed": [],
   "note": "the DE vintage is not sealed; the record is the live record as of 2026-11-06",
   "record_version": 1,
   "sealed": false
  },
  "auditor": {
   "auditor": {
    "read_by": "read by ChatGPT (batch)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://reports.bechtle.com/annual-report/2025/_assets/downloads/add-further-information-bechtle-ar25.pdf",
    "state": "filled",
    "value": "PricewaterhouseCoopers GmbH Wirtschaftsprüfungsgesellschaft"
   },
   "auditor_firm_id": {
    "market": "DE",
    "state": "not_on_record"
   },
   "auditor_location": {
    "market": "DE",
    "state": "not_on_record"
   },
   "changes": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "cmr": "de-cm-kg/XETRA/BC8",
  "coverage": {
   "count": 18,
   "houses": [
    {
     "house": "Baader Bank/AlphaValue",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.bechtle.com/de-en/about-bechtle/investors/bechtle-share",
     "state": "sourced"
    },
    {
     "house": "Berenberg",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.bechtle.com/de-en/about-bechtle/investors/bechtle-share",
     "state": "sourced"
    },
    {
     "house": "BNP Paribas Exane",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.bechtle.com/de-en/about-bechtle/investors/bechtle-share",
     "state": "sourced"
    },
    {
     "house": "Cantor Fitzgerald",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.bechtle.com/de-en/about-bechtle/investors/bechtle-share",
     "state": "sourced"
    },
    {
     "house": "Deutsche Bank",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.bechtle.com/de-en/about-bechtle/investors/bechtle-share",
     "state": "sourced"
    },
    {
     "house": "DZ Bank",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.bechtle.com/de-en/about-bechtle/investors/bechtle-share",
     "state": "sourced"
    },
    {
     "house": "Jefferies",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.bechtle.com/de-en/about-bechtle/investors/bechtle-share",
     "state": "sourced"
    },
    {
     "house": "Kepler Cheuvreux",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.bechtle.com/de-en/about-bechtle/investors/bechtle-share",
     "state": "sourced"
    },
    {
     "house": "Metzler",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.bechtle.com/de-en/about-bechtle/investors/bechtle-share",
     "state": "sourced"
    },
    {
     "house": "mwb research",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.bechtle.com/de-en/about-bechtle/investors/bechtle-share",
     "state": "sourced"
    },
    {
     "house": "Oddo BHF",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.bechtle.com/de-en/about-bechtle/investors/bechtle-share",
     "state": "sourced"
    },
    {
     "house": "UBS",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.bechtle.com/de-en/about-bechtle/investors/bechtle-share",
     "state": "sourced"
    },
    {
     "house": "BofA",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.bechtle.com/de-en/about-bechtle/investors/bechtle-share",
     "state": "sourced"
    },
    {
     "house": "J.P. Morgan",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.bechtle.com/de-en/about-bechtle/investors/bechtle-share",
     "state": "sourced"
    },
    {
     "house": "LBBW",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.bechtle.com/de-en/about-bechtle/investors/bechtle-share",
     "state": "sourced"
    },
    {
     "house": "MPCM",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.bechtle.com/de-en/about-bechtle/investors/bechtle-share",
     "state": "sourced"
    },
    {
     "house": "Quirin",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.bechtle.com/de-en/about-bechtle/investors/bechtle-share",
     "state": "sourced"
    },
    {
     "house": "Redburn",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.bechtle.com/de-en/about-bechtle/investors/bechtle-share",
     "state": "sourced"
    }
   ],
   "pages_checked": [
    {
     "page": "https://www.bechtle.com/de-en/about-bechtle/investors/bechtle-share",
     "result": "read: 18 of 34 named houses found on the page"
    }
   ],
   "read_by": "Perplexity sonar (search) · page read by this rail",
   "read_date": "2026-11-12",
   "since": "not stated on the page read",
   "state": "found"
  },
  "disclosure": {
   "against": {
    "exchange": {
     "issuers": 419,
     "median_cadence_gap_days": 22.8,
     "median_filings": 6,
     "median_latency_days": 5.5,
     "name": "Xetra"
    },
    "sector": {
     "market": "DE",
     "state": "not_on_record"
    }
   },
   "by_type": {
    "corporate_news": 2
   },
   "cadence_median_gap_days": 96,
   "filing_days": 2,
   "filings": 2,
   "latency_days": 86,
   "latest": [
    {
     "category": "corporate",
     "date": "2026-08-12",
     "source": "https://www.eqs-news.com/news/corporate/bechtle-accelerates-growth-in-q2-and-upgrades-its-2026-forecast/16a59ff2-939e-40e8-b295-31f93980df64_en",
     "title": "Bechtle accelerates growth in Q2 and upgrades its 2026 forecast",
     "type": "corporate_news"
    },
    {
     "category": "corporate",
     "date": "2026-05-08",
     "source": "https://www.eqs-news.com/news/corporate/bechtle-achieves-double-digit-growth-in-business-volume-and-earnings/93ee0936-5480-49f9-82e1-4901c15e3672_en",
     "title": "Bechtle achieves double-digit growth in business volume and ...",
     "type": "corporate_news"
    }
   ],
   "latest_filing_date": "2026-08-12",
   "read": "the node's event lines (list_events_since), as get_filings serves them",
   "source": "https://mcp.de-cm-kg.ai/events/XETRA/BC8",
   "window": {
    "from": "2025-11-06",
    "to": "2026-11-06"
   }
  },
  "identity": {
   "exchange": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily) (Date Last Update:;11.09.2026)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "sourced",
    "value": "Xetra"
   },
   "isin": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "confirmed",
    "value": "DE0005158703"
   },
   "jurisdiction": {
    "read_by": "GLEIF LEI record (LEI per the LEI column) (registeredAs)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://api.gleif.org/api/v1/lei-records/529900HA2QT774RUXW59",
    "state": "sourced",
    "value": "Germany (Handelsregister HRB)"
   },
   "lei": {
    "read_by": "GLEIF ISIN-to-LEI mapping file (daily), LEI by exact ISIN",
    "read_date": "2026-11-09",
    "read_date_basis": "the field",
    "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download (ISIN DE0005158703)",
    "state": "sourced",
    "value": "529900HA2QT774RUXW59"
   },
   "name": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily) (Date Last Update:;11.09.2026)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "sourced",
    "value": "BECHTLE AG O.N."
   },
   "sector": {
    "market": "DE",
    "reason": "the Xetra instruments file carries index membership, not a sector classification",
    "state": "not_on_record"
   },
   "security_type": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily) (Date Last Update:;11.09.2026)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "sourced",
    "value": "Corporate"
   },
   "segment": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily) (Date Last Update:;11.09.2026)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "sourced",
    "value": "MDAX"
   },
   "ticker": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily) (Date Last Update:;11.09.2026)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "sourced",
    "value": "BC8"
   },
   "website": {
    "market": "DE",
    "state": "not_on_record"
   }
  },
  "licensed": {
   "columns": [
    "licensor",
    "entitlement",
    "title",
    "date",
    "source"
   ],
   "rows": [],
   "rule": "A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded."
  },
  "lifecycle": {
   "delisting": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "domicile_change": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "listing": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "name_change": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "segment_move": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "market": "DE",
  "node": "de-cm-kg",
  "numbers_hash": "sha256:aa68eec058d726360f52fe0a387b228b87799e8a4a4d896fe0021d57c3369091",
  "open_research": {
   "read_date": "2026-11-12",
   "rows": [],
   "state": "none_found"
  },
  "orderability": {
   "chapter_as_of": "2026-11-04",
   "client_categories": [
    "Professionelle Kunden",
    "Privatkunden",
    "Geeignete Gegenparteien"
   ],
   "outcomes": {
    "Geeignete Gegenparteien": {
     "determinable": true,
     "signal": "ACM-200"
    },
    "Privatkunden": {
     "determinable": true,
     "signal": "ACM-200"
    },
    "Professionelle Kunden": {
     "determinable": true,
     "signal": "ACM-200"
    }
   },
   "read": {
    "basis": "one live read per instrument class, halt state and client category on this market; this issuer's group",
    "chapter": "https://mcp.de-cm-kg.ai/book/aio.json",
    "door": "https://mcp.de-cm-kg.ai/mcp",
    "tool": "get_orderability"
   },
   "rule_version": "acm-68000/de/mifid-ii-product-governance-produkt-berwachung/r1",
   "section": "de.aio.v13"
  },
  "record": {
   "as_of": "2026-11-06",
   "url": "https://mcp.de-cm-kg.ai/record/XETRA/BC8",
   "version": 1
  },
  "schema": "research-numbers v0.1 (USR-01, 2026-11-11)",
  "status": {
   "read_date": "2026-11-09",
   "source": "https://www.cashmarket.deutsche-boerse.com/cash-en/Stay-Informed/current-regulatory-topics/mifid-ii-releases/4086638!suspension-list",
   "value": "listed, not halted"
  }
 },
 "numbers_hash": "sha256:aa68eec058d726360f52fe0a387b228b87799e8a4a4d896fe0021d57c3369091",
 "path": "/de/XETRA/BC8",
 "schema": "research-page v0.1 (USR-02, 2026-11-11)",
 "sections": [
  {
   "id": "identity",
   "text": "The issuer is BECHTLE AG O.N., listed on Xetra under ticker BC8, ISIN DE0005158703, LEI 529900HA2QT774RUXW59. Its security type is Corporate and its segment is MDAX. Its sector is not on the record, as the Xetra instruments file carries index membership and not a sector classification. Its jurisdiction is Germany (Handelsregister HRB). Its status is listed, not halted.",
   "title": "Identity and listing"
  },
  {
   "id": "disclosure",
   "text": "The record holds 2 filings in the window 2025-11-06 to 2026-11-06, on 2 filing days, both of type corporate_news. The median gap between filing days is 96 days. The latest filing is dated 2026-08-12, 86 days before the record date of 2026-11-06, and is of type corporate_news. The Xetra peer group holds 419 issuers with a median cadence gap of 22.8 days, a median of 6 filings, and a median latency of 5.5 days. Sector peer figures for DE are not on the record.",
   "title": "The disclosure read"
  },
  {
   "id": "auditor",
   "text": "The auditor of record is PricewaterhouseCoopers GmbH Wirtschaftsprüfungsgesellschaft, with its location not on the record. Auditor changes are not on the record, as this register has no lifecycle type map yet.",
   "title": "Auditor"
  },
  {
   "id": "events",
   "text": "Listing, delisting, name change, domicile change and segment move are not on the record, as this register has no lifecycle type map yet. The halt flag reads listed, not halted.",
   "title": "Events and halts"
  },
  {
   "id": "orderability",
   "text": "The outcome is ACM-200 for each client category the chapter names: Professionelle Kunden, Privatkunden and Geeignete Gegenparteien, each determinable. The rule version is acm-68000/de/mifid-ii-product-governance-produkt-berwachung/r1, with the chapter as of 2026-11-04.",
   "title": "Orderability"
  },
  {
   "id": "coverage",
   "text": "The issuer's investor-relations page names 18 research houses: Baader Bank/AlphaValue, Berenberg, BNP Paribas Exane, Cantor Fitzgerald, Deutsche Bank, DZ Bank, Jefferies, Kepler Cheuvreux, Metzler, mwb research, Oddo BHF, UBS, BofA, J.P. Morgan, LBBW, MPCM, Quirin and Redburn.",
   "title": "Coverage"
  },
  {
   "id": "open_research",
   "text": "No openly published research notes were found on the record.",
   "title": "Open research"
  },
  {
   "id": "licensed",
   "text": "Licensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.",
   "title": "Licensed"
  },
  {
   "id": "depth",
   "text": "The market's vintage is not sealed. No issuer years are sealed, and the market's earliest sealed date and the live record start date are not on the record.",
   "title": "As-of depth"
  },
  {
   "id": "sources",
   "text": "9 source pages are named on this page; every value above carries its own source page and read date in the numbers.",
   "title": "Sources"
  }
 ],
 "sources": [
  {
   "for": "identity.exchange",
   "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares"
  },
  {
   "for": "identity.jurisdiction",
   "source": "https://api.gleif.org/api/v1/lei-records/529900HA2QT774RUXW59"
  },
  {
   "for": "identity.lei",
   "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download"
  },
  {
   "for": "the disclosure lines",
   "source": "https://mcp.de-cm-kg.ai/events/XETRA/BC8"
  },
  {
   "for": "the halt flag",
   "source": "https://www.cashmarket.deutsche-boerse.com/cash-en/Stay-Informed/current-regulatory-topics/mifid-ii-releases/4086638!suspension-list"
  },
  {
   "for": "the auditor",
   "source": "https://reports.bechtle.com/annual-report/2025/_assets/downloads/add-further-information-bechtle-ar25.pdf"
  },
  {
   "for": "the orderability chapter",
   "source": "https://mcp.de-cm-kg.ai/book/aio.json"
  },
  {
   "for": "coverage",
   "source": "https://www.bechtle.com/de-en/about-bechtle/investors/bechtle-share"
  },
  {
   "for": "the record",
   "source": "https://mcp.de-cm-kg.ai/record/XETRA/BC8"
  }
 ],
 "title": "BECHTLE AG O.N. (BC8) — research page",
 "writer": {
  "by": "Claude through the platform account, Haiku class; one pass; checked against the numbers",
  "engine": "claude-haiku-5-5"
 }
}