The Channel logo

News

By | Drew Cullen 26th November 2004 11:11

Magirus reports strong trading

Surging oil prices come in handy

Magirus, the European mid-range systems distie, yesterday issued upbeat trading figures for the half year to September end. The mid-range systems distie said sales were up 16.6 per cent to €256m on last year, producing an operating profit up 30.1 per cent to &euro.

Sales were flat in Germany, its home country, but the Middle East, Scandinavia, France and Italy showed "strong development", while the UK, Switzerland and Austria, reported double-digit growth.

The company is forecasting full year sales of €620m (FY04: €544.3m) on the back of a strong order backlog, a good project pipeline, combined with strong oil price-supported growth the Middle East."

Magirus has been profitable for 12 years straight and it claims the results "proves that our constant focus on improving our value proposition is paying out, says Christian Magirus, COO. "We will drive this further by continuing to move Magirus' business up in the value chain. Our growth and profitability as well as the resulting independence allow us to decide in the best interest of Magirus which changes in the sales and channel models of our vendors we might follow and when we might go our own way". ®

alert Send corrections

Opinion

Trevor Pott

Why aren't you, personally, stopping the moronocalypse?
Star Trek Into Darkness

Chris Mellor

Federation fissiparousness to form co-ordinated divisions
iot_internet_of_things

Chris Mellor

EMC is ahead overall with HDS mounting an IoT catch-up

Features

Lego gandalf by https://www.flickr.com/photos/isherwoodchris/  CC 2.0 https://creativecommons.org/licenses/by-sa/2.0/ attribution sharealike
Why interconnectivity in the cloud is tougher than just stacking bricks
Handing over dollars picture via Shutterstock
Steve Ballmer. Pic:  Aanjhan Ranganathan
Nokia is the biggest write-off yet, but it wasn't the first
Confused computer keyboard
Last Christmas, I gave you my Cloud, the very next day you gave it away