ALSO Holding AG

ALSN

Equity

ISIN CH0024590272 / Valor 2459027

SIX Swiss Exchange (2024-09-16)

CHF 260.00-0.95%

ALSO Holding AG
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About company

ALSO Holding AG is a prominent technology provider for the Information and Communication Technology (ICT) industry. Established and headquartered in Emmen, Switzerland, the company operates a business model that integrates logistics, financial services, and supply services across the ICT sector. ALSO's business strategy, introduced in 2011 and dubbed "MORE," focuses on sustainable profitable growth, maintaining a solid capital structure, and enhancing profitability. This strategy encompasses securing the company's achievements, expanding its ecosystem, and maintaining a dominant position in developed markets. ALSO serves a wide range of customers and vendors, leveraging its extensive network to distribute ICT products and solutions effectively.

Summarized from source with an LLMView SourceSector: Technology

Revenue Performance

In the first half of 2024, ALSO Holding AG generated revenues of 5.1 billion euros, which represents a decline of 7% compared to the same period in the previous year. This decrease was influenced by consumer spending restraint, particularly in key markets such as Germany, Poland, and the Netherlands.

Operating EBITDA

ALSO Holding AG reported an operating EBITDA of 106 million euros for the first half of 2024, which corresponds to an EBITDA margin of 2.1%. This figure includes 12 million euros of expenditure aimed at future growth, covering areas such as IT infrastructure costs, the expansion of digital platforms, and AI-enabled applications.

Cloud Revenue Growth

ALSO Holding AG experienced significant growth in its cloud revenues, which reached 662 million euros in the first half of 2024. This marks a 25% increase compared to the same period in the previous year, highlighting the company's successful expansion in the cloud services sector.

Cash Position and Free Cash Flow

As of June 30, 2024, ALSO Holding AG achieved a cash position of 643 million euros, an increase of 31 million euros from the previous period. The company also reported a free cash flow of 173 million euros, positioning it well to capitalize on additional market opportunities.

Profit and Earnings Per Share

ALSO Holding AG reported a net profit of 41.6 million euros for the first half of 2024, down from 52.7 million euros in the same period of 2023. The basic and diluted earnings per share for the first half of 2024 were 3.40 euros, compared to 4.24 euros in the first half of 2023.

Summarized from source with an LLMView Source

Key figures

22.1%1Y

-8.61%3Y

75.9%5Y

Performance

27.0%1Y

28.5%3Y

30.6%5Y

Volatility