Central and eastern European distribution giant ABC Data has seen its top and bottom line boom in its preliminary third-quarter results of 2016.
Only revenue and profit figures were released, with the full report to be published on 9 November.
For the three months ending 30 September 2016, group revenue came in at 1.09bn Polish zloty (€252m), a 20.4 per cent increase on the 905.9m PLN sales reported in the corresponding period last year. Profits boomed even more, with operating income hitting 6.3m PLN, a 61.8 per cent year-on-year climb compared with 3.9m PLN reported last year.
In a statement translated from the original Polish, the firm said: "The consolidated revenue of the group was affected by an increase in the share of domestic sales realized both by ABC Data SA and by iSource S.A. The financial results were impacted by an increase in operating costs, in particular the increase in the cost of sales and lower gross profit margin realised in the first half of 2016 which in the third quarter has improved and is higher than that generated in the same period in the 2015 year."
The Warsaw-based distributor had previously laid down ambitions of ramping up its profits through bolstering its value-added proposition. The firm bought an 80 per cent share in Nutanix and EMC partner S4E in August in a bid to boost revenues from value-added products and services to 1.5bn PLN by 2018.
The firm is also looking to claim the number one distribution spot in its home country, while taking the number two podium in Romania and fifth position in Hungary in the same time frame.
ABC Data currently operates in eight countries: Poland, Hungary, Romania, the Czech Republic, Slovakia, Lithuania, Latvia, and Estonia.
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