Esprinet's revenue and profits rocketed in Q3 with both its homeland Italian business and Iberian business exhibiting growth.
Esprinet's EBIT for the three months ending 30 September soared by 62 per cent year on year to €6.7m, while revenues grew 16 per cent to €893.57m.
Esprinet CEO Alessandro Cattani said the Vimercate-headquartered firm is on track to hit its 2019 EBIT target of €38 to 42m.
it comes after a 2018 when EBIT fell by 33 per cent annually to €40m.
As Cattani told CPI in September, it has taken the distributor more than six months to recover from its dour 2018 financials.
A supplier of 20 years for its Nilox brand went bankrupt at the end of 2018, promptly suing Esprinet for €55m, in an effort to recover some of its debts.
Cattani said his firm was hit by millions in product losses and written-off credit notes as a result.
The lawsuit rumbles on but Cattani stressed that Esprinet is "back in business", and even considering an acquisition in Spain or Portugal.
Back on the up, in its FY2019 Q3, Cattani says his partners and customers have welcomed Esprinet's "strong acceleration during the third quarter".
"We have started to see some preliminary positive feedback," he said.
"The 'Advanced Solution' business line, which withstood a lot of development efforts since the beginning of the year, also grew by 12 per cent, and we are actively pursuing the opening of new distribution contracts especially in Spain and Portugal."
Sales in Italy for Q3 grew by 19 per cent to €580.05m, while sales in Spain and Portugal increased by nine per cent to €322.85m.
For the first nine months of the year, EBIT has grown 37 per cent to €20.6m, meaning Esprinet's Q4 must deliver an EBIT of at least €17.4m in order for the business to meet its FY2019 target.
Cattani said he is confident this will be reached "based on October sales as well as on positive expectations about Black Friday and Christmas."
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