Distributor ALSO Group says it had a good 2014 in spite of everything with a fourth consecutive year of record earnings In fiscal year 2014, it faced “macroeconomic challenges and pressure on margins in some regions” but lifted sales of the group by 10.8 percent to €7.2bn.
Profit before taxes (EBT) increased year on year by 12.8% to €81.9m euros. Net profit increased to €60.9m, up 21.6% on the previous year. "We have again achieved record levels of profitability and our goals for the year were significantly surpassed,"says Gustavo Möller-Hergt, CEO of ALSO Holding AG.
ALSO increased sales in the Central European market segment over the previous year by 12.5% from €5.076bn to €5.709bn. In the Northern / Eastern Europe, sales rose by 3.8% to €1.663bn.