Distributor reports better Q1 figures, mainly helped by higher sales in central Europe Distributor ALSO Group showed a net profit of €11.9m profit before tax up 10% on last year; turnover was up 15.1% at €1.87bn. The Central European market segment was a winner, increasing 18.5% to €1.5bn.
The smaller Northern / Eastern Europe market grew just 2.1% to €407m, slightly below market growth; it made some management changes earlier in the year. Some overall figures were affected by the due to the appreciation of the Swiss franc, it says.
"We are continually developing the European B2B marketplace and investing to improve our market position consistently, "said Gustavo MöllerHergt (above), CEO of ALSO Holding AG.
"We have had a positive start to the new financial year and expect to continue to develop in the MORE strategy framework."he said.