ALSO Group continues its successful course: sharp rise in net sales to 1.87 billion euros (+15.1%)
The ALSO Group continues to display continuity and in the first quarter delivered a solid result. Group net profit came in at 11.9 million euros and profit before taxes (EBT) at 17.3 million euros. "We shall continue to invest in building up the European B2B market place, in order to consistently expand our competitive position", states Gustavo Möller-Hergt, CEO of ALSO Holding AG.
According to the CONTEXT market research institute, in the first quarter of 2015, the value of the ICT distribution market in the regions that are relevant for ALSO grew by 3.7 percent from the previous year. During this period, the ALSO Group attained net sales of 1 869.1 million euros (+15.1 percent).
Central Europe market segment
According to CONTEXT, in this region (excluding the Netherlands), the ICT distribution market grew by 1.7 percent. In the Central Europe market segment, ALSO increased its net sales by 18.5 percent from the previous year, to 1 500.3 million euros. Profit before taxes (EBT) increased substantially, from 14.4 million euros to 15.9 million euros, an improvement of 10.4 percent on the previous year.
Northern/Eastern Europe market segment
According to CONTEXT, the ICT distribution market in this region (excluding the Baltic States) grew by 12.4 percent. Compared to the previous year in the Northern/Eastern Europe market segment, ALSO increased its net sales by 2.1 percent to 407.0 million euros. Profit before taxes (EBT) improved substantially by 18.5 percent, from 2.7 million euros to 3.2 million euros.
Group profit before taxes (EBT) amounted to 17.3 million euros. The changes that are reported in the segment information under «Adjustments» result from lower net interest income and fluctuating exchange rates, particularly the upward revaluation of the Swiss franc. Further effects have also been correspondingly included in the planning.
"We have started the new fiscal year positively and continue to expect a good development. Within the framework of the MORE strategy, we will continuously strengthen our market position by targeted investments", comments Gustavo Möller-Hergt.
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