Apr 26, 2016 - Emmen

ALSO Group increases profit by 18.5 percent in the first quarter of 2016

The ALSO Group achieved record net sales in the first quarter of 2016. At the same time, net profit which was also at record levels in the first quarter, increased more strongly than net sales. “We continuously improve our earnings quality, and as such have managed a solid start into the new financial year,” said Gustavo Möller-Hergt, CEO of ALSO Holding AG.

Group net profit came in at 14.1 million euros in the first quarter of 2016 compared to 11.9 million euros in the previous year (+18.5 percent). Profit before taxes (EBT) grew to 20.3 million euros from 17.3 million euros in the same period. Net sales of ALSO improved to 1 916.8 million euros from 1 869.1 million euros in the first quarter of 2016 (+2.6 percent).

Again, the company performed significantly better than the total market and benefitted from significantly improved trading conditions in Northern and Eastern Europe, while sales in the region Central Europe decreased slightly. According to data provided by market research institute CONTEXT the value of the ICT distribution market in the regions that are relevant for ALSO (excluding the Baltic states and the Netherlands) declined by 2.9 percent in the first quarter of 2016 compared to the previous year.

Contact

For media inquiries:

Beate Flamm

Senior Vice President Sustainable Change
+49 151 61266047
beate.flamm@also.com

Continue reading

Stay informed

Receive all of the latest ALSO Holding AG press releases as soon as they are published.