Why Invest in ALSO

Sustainable, profitable growth.
Strong market position.
Disciplined execution.

ALSO combines a strong market position in Europe with a scalable business model connecting vendors, resellers and business customers across the IT value chain.

The company operates across Supply, Solutions and Services, supported by digital platforms and a growing ecosystem that enables efficient market access. ALSO benefits from structural growth drivers such as digitalisation, cloud adoption, artificial intelligence (AI) and Internet of Things (IoT), while maintaining strict margin discipline and a balanced capital allocation approach to support sustainable profitability and long-term value creation.

15.2
bn

Net Sales before PvA

286
m

EBITDA

16.1%

ROCE

>5600

Employees

Scalable Business Model

business model graph

Our Business Model:
scalable and resilient

The continuous expansion of platform-based and solution-driven activities supports improved profitability and resilience across market cycles.

The model integrates:

  • Supply - Hardware and software distribution
  • Solutions - Sale and support of IT architecture, configurations and project management
  • Services - Sale of all technological components, digital platforms, logistics and marketing services required for a digital workplace (unique user)

This structure enables:

  • Diversification across markets and customer segments
  • Scalability through platform-based activities
  • Increasing participation in higher-margin business areas

Clear Growth Drivers

ALSO is positioned to benefit from long-term structural trends:

Digitalisation and cloud adoption

Growing demand for cloud infrastructure, software and services across SMEs and enterprises.

Artificial intelligence (AI)

AI drives demand across multiple product categories, including software, infrastructure and devices.

Internet of Things (IoT)

Expanding use cases in connected devices and industrial applications create new revenue opportunities.

Platform scaling

Digital platforms enable efficient scaling across countries with limited incremental cost.

These drivers create a broad and diversified growth base across markets and technologies.

more/win graph

MORE + WIN Strategy

ALSO executes its strategy through a structured framework combining operational excellence and targeted expansion.

The company manages its business against two primary financial targets: EBITDA growth and Return on Capital Employed (ROCE). This focus reflects the company’s commitment to sustainable profitable growth and long-term value creation.

MORE strategy

Focus on improving profitability and efficiency within the existing business by:

  • Maintain: securing what has already been achieved, i.e. further expanding the ecosystem or, in developed markets, maintaining the dominant position
  • Optimize: continuous optimization of business models and processes to increase operational excellence and financial success for ALSO
  • Reinvent: development of new offerings and platforms which ALSO uses to continuously increase the proportion of sales from solution and service-oriented business models
  • Enhance: becoming stronger through acquisitions, whether by establishing a presence in new countries, strengthening the position in existing markets, or purchasing additional new technologies

WIN strategy

Focus on capturing additional growth opportunities by:

  • expanding vendor partnerships and portfolio coverage
  • developing new technologies and solution categories (e.g. cloud, cybersecurity, AI, IoT)
  • scaling digital platforms across markets

Explore Financial Data

Explore ALSO Holding AG’s financial data through interactive charts. Visualise key KPIs such as revenue, EBITDA and ROCE over time and create customised comparisons.

Explore Interactive Charts

Dividend Track Record

dividend per share

The Board of Directors pursues a consistent dividend policy.

The annual dividend proposal takes into account cash flow, earnings performance and the business outlook, ensuring a balanced approach between shareholder returns and continued investment in growth.

ALSO’s dividend track record reflects the Group’s disciplined approach to capital allocation and its commitment to delivering sustainable shareholder returns.

Reports and presentations

Explore ALSO’s annual reports, interim results, and presentations to stay up to date.

Access Reports & Presentations

FAQ

About Why Invest in ALSO

What is ALSO Holding AG’s investment case?

ALSO is a European technology provider with a scalable ecosystem model connecting vendors, resellers and business customers across the IT value chain. Investors typically look at ALSO’s fast-growing digital platforms, broad ecosystem, disciplined capital allocation and focus on sustainable profitable growth (e.g., EBITDA growth and ROCE). Further information on ALSO’s strategy and financial performance is available in the Reports & Presentations section.

What is ALSO’s business model?

ALSO operates across three business areas: Supply, Solutions, and Services. This has created a European ecosystem with a broad network of vendors and resellers, significant transaction volumes and expanding value-added services. The model supports earnings quality through a growing share of value-added services and platform-based activities alongside the core distribution business.

What is ALSO’s dividend policy?

ALSO’s Board of Directors pursues a consistent dividend policy, considering cash flow, earnings performance and the outlook when proposing the annual dividend. Past dividends provide an indication of the company’s track record, while future dividends remain subject to business performance and shareholder approval. Check the Dividend section and the latest Annual Report for the most current information.

Where is ALSO Holding AG’s share listed, and where can I find share information?

ALSO is headquartered in Switzerland and provides share-related information via its Investor Relations pages, typically including share price references, key identifiers (e.g., ISIN) and shareholder information. The latest share-related information and financial publications are available in the Our Share and Reports & Presentations sections of the website.