ALSO Holding AG 2018 Interim Report H1 Financial Results

ALSO Holding AG reported net sales of 4,181 million euros in H1 2018, up 1.2% year-over-year, with net profit of 27.0 million euros impacted by currency headwinds and restructuring costs. The IT distributor is implementing structural optimizations targeting 25–30 million euros in annual savings by H2 2019, while growing Solutions and as-a-Service offerings, particularly IT-as-a-Service which expanded 40%.