DCC Technology, parent of Euro disties and specialist service providers, is again laughing all the way to the bank after plugging slower tab sales with demand for PCs, gaming systems and a larger reseller customer base.
The network of IT companies trade under the Exertis brand and include Exertis Micro P, Exertis Gem, Exertis MSE in the UK, and Exertis Banque Magnétique and Exertis Comtrade in France.
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Revenues for the half year-ended September were up 8.2 per cent to £1.03bn, operating profit was up 7.7 per cent to £15.2m and the operating margin was flat at 1.5 per cent.
“In retail, the business benefited from growth in the market for gaming consoles and improved demand for PC products, which offset weaker markets in tablets, DVD and audio,” DCC stated.
The well documented end of support for XP triggered a massive replacement cycles, as tab penetration reached 40 per cent in the UK populace and punters had little reason to upgrade.
UK and Irish ops also swelled the coffers in the reseller biz, with “new customers” climbing on board and market share “gained” with existing ones.
“Growth was achieved in the server, security and PC product categories as the business has strengthened its services and technical capability,” DCC said.
During the six months, the group of companies began an upgrade of its IT and logistics infrastructure to “support future growth”.
On the continent, the business put in a meaty performance in “what remains a difficult market”.
In September, DCC acquired Swedish-based firm CapTech Distribution, which turned over roughly £140m and cost £15.5m. It majors in hardware and AV systems with brands including Acer, Dell, Microsoft and Samsung.
The intent is to use the acquisition as a “foundation” to spread its wings across the wider Nordics region. ®