Dicker Data has recorded a flying start to its 2015 financial year with all major markers coming in higher than projected.
Revenue for the quarter was $263 million, 17 per cent higher than projected. Chairman and CEO, David Dicker, said with such a strong start on the revenue side, the company was confident of exceeding $1 billion in revenue for the year.
Monthly average sales for the combined Dicker Data/Express Data entity were almost 100 million.
Dicker said the company also exceeded its projections for the quarter by 30 per cent for EBITDA, its operating profit which came in 48 per cent higher than projected, and Net profit after integration costs - 6 per cent higher.
He stated that the integration of Express Data into Dicker Data was basically complete and the company was operating well under its new management team.
Dicker went on to say that the second half of its financial year is stringer and as each month went by costs of the integration dropped off and synergies added to the companies performance. As result he was confident the company was on track to reach its projected full year results.
More to follow.
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