Exertis profits jump 17%
Exertis – the technology distributor arm of DCC - has reported good growth, especially in the UK, with revenues rising 10%, profits up 17%. With a diverse portfolio, the business saw good growth in audio/visual, print supplies and the Hammer acquisition is going well, says MD Gerry O’Keefe. The overall technology division’s operating profit rose last year to €41.1 m.
Following the market trend in Europe, computing and mobile are flat, while geographically, the Nordics and Germany are growing; France faces the usual competition in retail, and the Iberian subsidiary is now being run from here. With a regional roll-out of SAP systems through its operations, Exertis has a lot on its plate, but this will be done “one step at a time,” he says.
Dublin-based parent DCC reported a big jump in profits to over €400m as its largest division, in energy, benefited from Brexit and a weaker pound.