Esprinet says sales will surpass €4bn this year following best quarterly results in three years

Nima Green
clock • 2 min read
Esprinet says sales will surpass €4bn this year following best quarterly results in three years

Strong PC and smartphone sales help Esprinet log double-digit EBITDA growth in H1

Southern European distribution giant Esprinet has forecast it will surpass €4bn in sales in 2020, after its best quarter in three years in each of its markets. EBITDA was up 16 per cent year on year for the six months ending 30 June to €24m, while sales also rose seven per cent to €1.83bn. The Vimercate-headquartered firm is the largest IT distributor in Spain and Italy, and is also operational in Portugal. Its share price rose 11 per cent after its H1 figures were published on Monday...

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