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ABC Data first quarter sales up 5%

Central & Eastern Europe distributor ABC Data has announced first quarter sales of US$279.8m – up 5% year-on-year. Gross margins for the period were 5.8%, resulting in a gross profit of US$16.12m Net profits were up 60% year-on-year at US$615,730 – a profit margin of 0.22%. Ilona Weiss, president of the management board of ABC Data, said: “We’re very happy that regardless of the current market situation, ABC Data Group is able to constantly achieve one of the highest [gross] margins in the IT distribution industry. In the first quarter of 2018 it reached 5.8%, which only confirms the effectiveness of our business activities.” Read full story

by Stuart Wilson, Tuesday 29 May 2018

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