Pan-European distributor ALSO has reported top and bottom line growth for the year, with annual sales rising from €11.9 billion in 2020 to €12.4 billion in 2021.
ALSO said EBITDA rose 13% to €257m. The company says it currently has a cash balance of €617m, an annual increase of 28%, which may well be used for further acquisitions.
Last year, the company made acquisitions in Hungary, Spain, Portugal and Italy.
The Switzerland-headquartered firm is targeting an increase in EBITDA to between €275m and €295m for 2022.
To achieve further growth, the company confirmed it was targeting “mergers and acquisitions in new regions and additional technologies”, and “expansion of additional capabilities in solutions and services”.
“In recent years, ALSO has continuously invested in digital platforms, scalable business models and digital management tools,” said Gustavo Möller-Hergt, CEO of ALSO. “This has given us the foundation to leverage the intensity and speed of change to further develop sustainable profitable growth with our execution-oriented strategy.”
