Oct 21, 2013 - Emmen

ALSO Group: income after nine months above previous year

In the first nine months of financial year 2013, the ALSO Group could continue its positive trend. Compared to the previous year, total net sales rose by 4.9 percent to 4,569.4 million euros and Group net profit amounted to 25.7 million euros. "Among other factors, the positive development is attributable to the measures that were initiated at ALSO Finland starting to take effect. This enabled the Group to improve EBT by more than 5 million euros compared to the same quarter last year", said Gustavo Möller-Hergt, CEO of ALSO Holding AG.

Group net profit after the first nine months of 2013 was 6.2 percent above the previous year's value. Profit before tax (EBT) increased from 35.8 million euros to 38.8 million euros (+8.4 percent). Sales growth, consistent cost management, and improved processes were the drivers for the improved profit situation.

IT market

According to the CONTEXT market research institute, in the third quarter of 2013 the value of the IT distribution market in the regions that are relevant for ALSO fell by 3.1 percent from the previous year. While the market in Austria developed slightly positively in value terms, in Switzerland, Germany, France, and Sweden it declined somewhat, and in Finland, Denmark, and Norway it dropped sharply.

Development of the individual market segments

In the Central Europe market segment, net sales increased by 9.1 percent from the previous year to 3,561.4 million euros. Profit before tax (EBT) improved from 32.7 million euros to 40.8 million euros. At 1.1 percent, the EBT margin in the first nine months was above last year's level.

In the Northern/Eastern Europe market segment, total net sales fell by 6.7 percent compared with the prior year, to 1,119.5 million euros. The decline was mainly attributable to the high proportion of retail business. Profit before tax (EBT) fell from 6.1 million euros to -0.5 million euros. After two quarters in which EBT was lower than last year, in the third quarter of 2013 the trend could be reversed and an increase attained relative to the previous year. EBT in the third quarter improved by more than 2 million euros compared to the same quarter last year.

Outlook for 2013

Based on the very satisfactory overall business development in the first nine months of 2013, the Group expects – excluding unforeseen circumstances – to attain its profitability goals for the full year. For financial year 2013, ALSO is targeting EBITDA of 101 to 110 million euros, which – all other things being equal – should correspond to Group net profit of 40 to 46 million euros.


For media inquiries:

Beate Flamm

Senior Vice President Sustainable Change
+49 151 61266047