In the first nine months of 2012, the ALSO-Actebis Group reported EBITDA of EUR 69.2 million and a Group net profit of EUR 24.8 million, a substantial increase on 2011. Consolidated net sales stood at EUR 4357 million (-6% on the comparable figure for last year). At 30 September 2012, total assets amounted to EUR 1273 million, with an equity ratio of 29%.
The ALSO Group companies are included in the consolidated figures of the ALSO-Actebis Group only from 1 February 2011. In the figures reported for last year (Consolidated Financial Statements and segment-based reporting) the January figures for the former ALSO Group are thus missing. A comparable earnings statement (including ALSO January 2011) has therefore been drawn up for last year.
Both EBITDA of EUR 69.2 million and the net profit of EUR 24.8 million were substantially higher than the comparable figures for last year. In 2011 the costs of integration also have to be taken into account. If these costs are excluded, the first nine months of 2012 saw the ALSO-Actebis Group increase EBITDA by 8% to EUR 69.2 million and net profit by 72% to EUR 24.8 million.
Developments in individual market segments
In the Central European market segment, ALSO-Actebis generated net sales of EUR 3264 million (-3%). EBITDA rose by 21% to EUR 59.4 million, EBT by 62% to EUR 33.3 million. In the Northern/Eastern European market segment, net sales stood at EUR 1200 million and EBITDA at EUR 11.2 million (+56%). EBT stood at EUR 6.1 million (last year EUR 0.3 million)
Outlook for 2012
According to the market research company CONTEXT the IT distribution market in Western Europe for Q3 decreased surprisingly strong compared to last year by around 10% in terms of value. ALSO-Actebis expects the IT sector to continue shrinking during Q4, with performance in the consumer sector slightly weaker than the corporate sector. Although the Group expects lower net sales for 2012, net profit – excluding unforeseen circumstances – should be considerably higher than in 2011, rising to EUR 35 - 40 million. This would be an increase of 30 – 50% compared to previous year.
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