ALSO Q1-Q3: Group profit +75%

• EBITDA: 240 million euros (+33%)
• Revenue: 12.4 billion euros (+17%)

ALSO recorded continued strong growth across its three business models Supply, Solutions and Services, particularly in the Cloud business. Higher margins, productivity improvements and the integration of the acquired companies resulted in earnings growth outpacing revenue growth.

The disciplined management of capital employed remains a key focus for the company. Particularly when growing faster than the market, the optimisation of inventories, receivables and payables is a key success factor. ALSO is consistently implementing its long-term measures to continuously improve net working capital and support the company’s further expansion.

ALSO expects EBITDA at the upper end of its guidance range of 300 to 340 million euros, with ROCE of more than 20%.

Contact ALSO Holding AG
Kilian Maier
Email: kilian.maier@also.com

ALSO Holding AG (ALSN.SW) (Emmen/Switzerland) is Europe’s largest technology provider for the ICT industry, currently active in 31 European countries and in many countries worldwide via PaaS partners. The ALSO ecosystem comprises a total potential of more than 140,000 resellers, to whom we offer hardware, software and IT services from more than 800 vendors in over 1,680 product categories. In the spirit of the circular economy, the company provides all services from provision to remanufacturing from a single source. The business activities comprise the areas of Supply, Solutions and Services. Supply stands for the transactional provisioning of hardware and software. Solutions supports customers in the development of customised IT solutions. Subscription-based cloud offerings as well as digital platforms for IoT, cybersecurity, virtualisation and AI are at the heart of the Service division. The main shareholder is the Droege Group, Düsseldorf, Germany. Further information can be found at https://also.com.

The Droege Group (founded in 1988) is an independent investment and consulting firm under full family ownership. The company acts as a specialist for tailor-made transformation programs aiming to enhance corporate value. Droege Group combines its corporate family-run structure and capital strength into a family-equity business model. The group invests its own equity in “special opportunities” with a focus on medium-sized companies and spin-offs as well as strategically in buy & build transactions. With the guiding principle "execution - following the rules of art", the group is a pioneer in execution-oriented corporate development. Droege Group follows a focused investment strategy based on long-term oriented megatrends. Enthusiasm for quality, innovation and speed determines the company’s actions. In recent years Droege Group has successfully positioned itself in domestic and international markets and operates in 30 countries. Further information can be found at https://droege-group.com. 

Disclaimer  

This press release contains forward-looking statements which are based on current assumptions and forecasts of the ALSO management. Known and unknown risks, uncertainties, and other factors could lead to material differences between the forward-looking statements made here and the actual development, in particular the results, financial situation, and performance of our Group. The Group accepts no responsibility for updating these forward-looking statements or adapting them to future events or developments.