Distributor ALSO reports 11.2% profit hike

Distributor ALSO Group reported net profit up by 11.2% to €92.5m in 2017, and will raise its dividend by 22.2%.

In 2017, ALSO increased its net sales by 11.4% to €8.9bn. EBT rose by 9.0% yr/yr to €124.2m, EBITDA increased by 7.7% to €157.3m.

"We have exceeded our goals for 2017, while continuing to drive the transformation of our company forward and consistently implementing our strategy," said Gustavo Möller-Hergt, CEO of ALSO Holding AG.

For 2018, the Board of Directors proposes a dividend distribution from the reserve from capital contributions in the amount of 2.75 Swiss francs per share (previous year: 2.25 Swiss francs).