ALSO proposes 13th consecutive dividend increase - Best cash position in the company's history
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ALSO Holding AG / Key word(s): Annual Results
ALSO proposes 13th consecutive dividend increase Best cash position in the company's history
The IT market offers attractive growth opportunities. Thanks to its long-term strategy and its successful implementation based on its sustainably built ecosystem, ALSO was also able to achieve pleasing results in 2024. For the past financial year, EBITDA amounted to EUR 234.1 million with a ROCE of 29.6% and a record cash balance of EUR 730.9 million. Contributing to these results was a 31% increase in cloud revenue to EUR 1,133 million, driven by a rise in unique users to 4.4 million and improved monetization. ALSO sees considerable potential for the future in boosting the share of wallet. Thanks to the proven MORE strategy (Maintain, Optimize, Reinvent, Enhance) and its newly defined extension through WIN (Watch, Identify, Navigate), ALSO is ready for the future. Against this backdrop, the company is providing EBITDA guidance for 2025 of EUR 285 to 325 million and expects a ROCE of over 17%, taking into account acquisitions that have already been agreed. In the medium term (three to five years), the company is increasing its growth targets by expanding its ecosystem and its well-filled acquisition pipeline and is aiming for EBITDA of between EUR 425 and 525 million and ROCE of over 25%. Due to the solid liquidity position and the excellent prospects, the Board of Directors is proposing another increased dividend of CHF 5.10 to shareholders and is planning further share buybacks of EUR 120 million for possible LTI programs and acquisitions.
Link to the Annual Report
Contact ALSO Holding AG
ALSO Holding AG (ALSN.SW) (Emmen/Switzerland) is one of the leading technology providers for the ICT industry, currently active in 30 European countries and in many countries worldwide via PaaS partners. The ALSO ecosystem comprises a total potential of around 135,000 resellers, to whom we offer hardware, software and IT services from more than 800 vendors in over 1,570 product categories. In the spirit of the circular economy, the company provides all services from provision to remanufacturing from a single source. The business activities comprise the areas of Supply, Solutions and Service. Supply stands for the transactional provisioning of hardware and software. Solutions supports customers in the development of customised IT solutions. Subscription-based cloud offerings as well as digital platforms for IoT, cybersecurity, virtualisation and AI are at the heart of the Service division. The main shareholder is the Droege Group, Düsseldorf, Germany. Further information can be found at https://also.com The Droege Group (founded in 1988) is an independent investment and consulting firm under full family ownership. The company acts as a specialist for tailor-made transformation programs aiming to enhance corporate value. Droege Group combines its corporate family-run structure and capital strength into a family-equity business model. The group invests its own equity in “special opportunities” with a focus on medium-sized companies and spin-offs as well as strategically in buy & build transactions. With the guiding principle "execution - following the rules of art", the group is a pioneer in execution-oriented corporate development. Droege Group follows a focused investment strategy based on long-term oriented megatrends. Enthusiasm for quality, innovation and speed determines the company’s actions. In recent years Droege Group has successfully positioned itself in domestic and international markets and operates in 30 countries. Further information can be found at https://droege-group.com.
Additional features: File: 2025-02-18 - ALSO FY24 results - adhoc - EN End of Inside Information |
2087539 18-Feb-2025 CET/CEST
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