Italy's biggest distributor storms into Q1 with EBIT up 24 per cent

Esprinet has seen profits up double digits despite Italy being among the first countries in Europe to go into a COVID-19 lockdown

Italy's biggest distributor storms into Q1 with EBIT up 24 per cent
  • LinkedIn  
0 Comments

€3.6bn-revenue giant Esprinet has opened its FY 2020 with a strong quarter, despite Italy's coronavirus lockdown, with CEO Alessandro Cattani saying it is well placed to meet the future challenges of the pandemic. Q1 EBIT was €8.3m, up 24 per cent year on year. Revenues for the quarter were also up, by four per cent, to €913.8m. "This is even more significant in the light of the context that developed in the second part of the quarter," Cattani said. "From the onset of the Covid-19 emergency,...

To continue reading...

Upgrade

CPI helps European and US resellers, MSPs and distributors make smarter business decisions - such as what segments and territories to target - by providing original insights on who is successfully innovating and where the next market shifts will come from.

Registrants receive:

  • NEWS: find out what’s happening in the European channel and US MSP sector with our daily newsletter
  • INTERVIEWS: learn how leading and ‘rising star’ executives are building their businesses
  • TOP 30 DISTRIBUTORS: benchmark your business against the best
  • COUNTRY/REGIONAL PROFILES: discover the latest trends in key territories
  • MARKET ANALYSIS: help shape your strategy with the latest insights on what segments and services and growing, and what’s in decline

More on Distribution

More news