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Distributor ALSO sales jumped in crisis as it looks for more acquisitions

In 2020, sales of the ALSO Group grew by €1.2bn to €11.9bn(+11.3%). Revenue growth was 11.8% in traditional, transactional Supply, 8.9% in Solutions, and 38.2% in the consumptional Cloud business. EBITDA was €227.5m compared to €196.7m in 2019, with ROCE increasing from 15.5% to 21.0% over the same period.

For 2021, ALSO expects EBITDA to increase to between €240m and €255m. Taking into account possible acquisitions, the company is aiming for EBITDA of €280m to €350m in the mid-term. ROCE should be above 20% with purely organic growth and above 15% taking into account possible acquisitions, it says.

Gustavo Möller-Hergt (pictured), CEO ALSO Holding says: "Over the last ten years, we have created a solid, scalable and hard-to-reproduce foundation that enables us to expand further. The foundation of Remote Communication, which will shape the New and Next Normal, the pandemic and post-pandemic phase, is IT technology. Companies with robust ecosystems will have interesting opportunities to further expand their business. The prerequisites are integrated management systems and very well-trained employees; with their help the existing company can be continuously optimized and acquisitions integrated in a timely manner. This opens up additional growth opportunities for ALSO."