The Channel logo

News

By | Team Register 14th March 2005 14:09

Profits jump at Fayrewood

Preps own-brand launch in France and Spain

Fayrewood, the pan-European distie, proclaimed record results for 2004, with group sales advancing 17 per cent to £507m (2003: £434m) and profits before tax jumping 27 per cent to £16.3m (2003: £12.8m).

The revenue increase for the 12 months ended 31 December 2004 represents an even bigger leap in trading volumes and market share, according to the company, which notes "continuing general product price deflation for the ranges we distribute".

Fayrewood has two business arms: Computerlinks, a wholesaler of IT security products, which is quoted separately on the Frankfurt Stock Exchange, and which has offices in several European countries; and Niche Distribution, a collection of IT wholesalers in France, the UK and Spain.

The company expects to match analyst forecasts of seven per cent growth for the European IT market this year, and to do slightly better in the security market "where ComputerLinks is the European market leader". Also, it expects to win more market share this year, and it remains on the prowl for acquisition opportunities.

Last year Fayrewood introduced into Spain its own budget range of consumer electronics, manufactured in the Far East, called Redbell. The company claims strong sales in Q4 last year and will now promote the brand, through a wholly-owned Irish subsidiary, into France and the UK, too. ®

Related links

Fayrewood2004 results (pdf)
ComputerLinks 2004 results

Related stories

Tech Data Q4 profits jump on tax settlement
Magirus buys Exello
Bell swings into full year profit
Northamber doubles interim profit

alert Send corrections

Opinion

Privacy image

Frank Jennings

Two working parties, ministers galore... but data transfer law remains in limbo
EMC_Unity_bezel

Chris Evans

It does simplify the hardware setup, whatever it is
A microscopic view of the biometric shark skin. Pic: James Weaver

Chris Mellor

Do something and stop faffing about in the bush league

Kat Hall

International system in general needs greater transparency

Features

Nerd fail photo via Shutterstock
Shouting match
Single market vs. rest of the world
hacker
Mostly it's financial crime. Here's what all the cool kids' terms mean in English
Apple logo. Pic: Blake Patterson
Plenty of bumps in the 40-year road for Mac makers