Esprinet sees EBIT soar 98 per cent in stellar Q1

Esprinet has posted double-digit top and bottom line growth for the first quarter of 2021. Sales were up 28 per cent year on year to €1.166bn, while EBIT soared by a staggering 98 per cent to €16.5m.  The Italian distributor credited the spike to organic growth (23 per cent) and €42.8m from the activities of its Q4 2020 acquisition of GTI Group, as well as Dacom and idMAINT in Italy, acquired at the beginning of Q1 2021. "The first quarter also recorded a contribution of €2.1m in ter...