ALSO-Actebis Group: Q1 result up 85% on 2011

The ALSO Group companies are included in the consolidated figures of the ALSO-Actebis Group only from 1 February 2011. In last year's figures (Consolidated Financial Statements and segment-based reporting) the January figures for the former ALSO Group are thus missing. An additional earnings statement (including ALSO January 2011) has therefore been drawn up for the previous year to facilitate comparison.

Both EBITDA of EUR 29.4 million and the net profit of EUR 13.8 million were significantly higher than the comparable figures for last year. The effects of purchase price allocations are shown for both years, while 2011 also includes costs arising from the merger. If these non-recurring items are excluded, the ALSO-Actebis Group’s EBITDA rose by 25% to EUR 29.4 million during the first quarter of 2012, while net profit climbed by 85% to EUR 16.3 million.

Developments in individual market segments

In Europe, demand for IT products during the first quarter of 2012 was substantially lower than the corresponding period for 2011 in both the corporate sector (B2B) and in the consumer sector (B2C). In the Central European market segment, ALSO-Actebis generated net sales of EUR 1,096 million and EBITDA of EUR 22.6 million. In the Northern/Eastern Europe market segment, net sales stood at EUR 416 million and EBITDA at EUR 6.7 million.

Outlook for 2012

ALSO-Actebis expects the IT sector to shrink slightly during 2012, with performance in the consumer sector slightly weaker than the corporate sector. Although the Group expects lower net sales for 2012, net profit – excluding unforeseen circumstances – should be considerably higher than in 2011. An initial earnings forecast will be announced with the publication of the half-yearly report.