ALSO claims sixth year of rising net profits

Distributor ALSO has reported a 25.4% rise in profit before taxes (EBT) to €113.9m. Net sales of the ALSO Group improved by 2.5% to €8.0bn.  Group net profit climbed to €83.2m, exceeding the previous year’s figure by 32.3%. EBITDA rose to €146.0m, up 4.3%, and including initial investments in the new markets in Poland and Benelux as well as the new warehouse in Finland.

"For the sixth time in a row, the ALSO team has achieved a record result," says Gustavo Möller-Hergt, CEO of ALSO Holding AG.  Full results will be avalable later this month.