Feb 21, 2023 - Tallinn

Press release: ALSO continues successful track record

• EBITDA + 8.9% (280 million euros)

• ROCE above 20% (22.4%)

• Liquidity 479 million euros

This excellent result has enabled the company to invest in new growth areas and increased efficiency, its share buyback program, and the repayment of an additional 70 million euros in liabilities. A positive one-off effect also contributed to the good yield.

Gross profit grew by 30 to 716 million euros. In particular, the further expansion of the cloud business to 716 million euros (+66%) contributed to this.

For the eleventh time in a row, the Board of Directors proposes an increase in the dividend to the shareholders. The distribution is suggested to amount to CHF 4.60 per share.

The increasing speed and intensity of changes lead to an expansion of the range of the forecast. For 2023, ALSO is aiming for EBITDA of between 265 and 305 million euros and ROCE of over 20%. Mid-term targets are EBITDA of 330 to 420 million euros and ROCE of over 20%.

Gustavo Möller-Hergt, CEO of ALSO Holding AG (SIX: ALSN), summarises: “The cloud-based as-a-service business and digital platforms are gaining more and more momentum. The Solutions segment is growing too, as IT services are becoming increasingly important in times of scarce resources. Through the ALSO ecosystem, our excellent position in the cloud business, and our digital platforms, we can optimally support the resellers in both developing their business and serving the demand of end customers. By increasing operational excellence, further accelerating growth and through Buy & Build, we have set the course for ALSO's future profitable growth.”

Link to the Annual Report