May 23, 2018

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ALSO boosts sales and profits in 2017

by Stuart Wilson, Wednesday 14 February 2018

Gustavo Möller-Hergt, CEO of ALSO Holding
Gustavo Möller-Hergt, CEO of ALSO Holding

Distribution giant ALSO boosted its sales 11.4% year-on-year in calendar 2017 to hit €8.9 billion (US$10.99 billion). Net profits for the year jumped 11.2% to €92.5m (US$114.24m) – a net profit margin of 1.04%. The company has raided its proposed dividend by 22.2% on the back of the results.

Gustavo Möller-Hergt, CEO of ALSO Holding, said: “This is an excellent result. We have exceeded our goals for 2017, while continuing to drive the transformation of our company forward and consistently implementing our strategy.”

ALSO increased its EBITDA 7.7% year-on-year to hit €157.3m (US$194.3m). ALSO now covers 15 countries and has more than 3500 employees in Europe. The company’s portfolio includes products from approximately 500 vendors.

ALSO was named DACH Consumer Tech Distributor of the Year at last week’s ‘EMEA Channel Academy: 2018 Awards’, which took place at regional tech channel hosted buyer event DISTREE EMEA.

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