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"Record" 2015 for ALSO

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The ALSO Group continues growing on fiscal 2015, with profits growing by 10.9% to €90.8 million. Sales for the year are also on the up, reaching €7.8 billion with 7.7% growth.

Overall profit totals €62.9m, a 3.3% increase.

"For the 5th time in a row, the ALSO team has achieved a record result," CEO Gustavo Möller-Hergt remarks.

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Ingram Micro Buys Docdata E-Commerce Arm

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Ingram Micro Buys Docdata E-Commerce Arm

Ingram Micro expands further into Europe as it buys the e-commerce service business of Netherlands-based orders fulfilment, returns logistics and online payment services provider Docdata for $175 million.

The acquisition covers two e-commerce fulfillment businesses-- Docdata Nederland B.V. and Docdata International B.V. According to Ingram Micro Docdata handles between 125000 and 250000 orders on a daily basis, with major operations in Germany, Netherlands and the UK. It is expected to contribute over $150m in annual services revenue to the new owner.

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ALSO Buys into Poland

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ALSO Buys into Poland

The ALSO Group expands into a 13th European country as it acquires Polish distributor PC Factory for an undisclosed sum.

PC Factory works with a number of tier-one vendors, including Acer, Sony, Lenovo, Microsoft, Intel and HP. It has been active since 2001 and reports 2014 revenues worth €400 million.

The acquisition covers the PC Factory customer base and manufacturer franchises, as well as renaming to "ALSO Polska." It is subject to certain conditions, including "approval by responsible cartel authorities."

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Systemax Faces EMEA Declines

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Systemax Faces EMEA Declines

Systemax EMEA Technology Group sales drop by -15.6% Y-o-Y to $272.6 million during Q1 2015, with  losses reaching $26.8m (compared to $3m on Q1 2014) as the company faces problems in its German and UK businesses.

"In Germany, the losses we have incurred over the past years have resulted in recording a one-time non-cash impairment of $0.3m in the first quarter," Systemax CFO Larry Reinhold says during the company earnings call. "Our results in Germany have been poor for a number of years and we are considering all options for improving this business."

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Tech Data Pushes Logitech in Europe

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Tech Data Pushes Logitech in Europe

Tech Data extends its distribution agreement with Logitech to bring the latter's PC and tablet peripherals to resellers in more European countries, specifically Germany, Austria, Poland and Czech Republic.

The distie already covers Logitech products in the UK, Netherlands, Belgium, France, Italy, Spain, Portugal, Sweden, Finland, Denmark, Norway and Switzerland.

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Record Fiscal 2014 for ALSO

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Record Fiscal 2014 for ALSO

The ALSO Group reports fiscal 2014 reaches record results, with sales growing by 10.8% to €7.2 billion euros and group net profits worth €60.9 million, a 21.6% improvement over the previous year.

On a geographical basis the distributor sees C. European sales growing by 12.5% to €5.709bn, while N./E. European sales reach 1.7bn with 3.8% growth.

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Sales Down for Systemax 2013

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Sales Down for Systemax 2013

Systemax Q4 2013 sales fall by -6.5% Y-o-Y to $874.5 million as "outstanding" Industrial Products group performance fails to offset consumer and overall technology business declines.

"Our Technology Products business had a mixed performance, with our B2B operations in both Europe and N. America showing improved revenue trends on a sequential quarter basis, while our consumer business delivered disappointing results as it continues to face a very competitive environment," CEO Richard Leeds says.

The distributor describes Q4 2013 Technology increase in Europe as "modest," but fails to give actual numbers. In N. America the company shuttered a number of "under-performing" brick-and-mortar retail outlets, but does not give an exact amount.

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Tech Data Sales Drop, if Not for SDG

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Tech Data Sales Drop, if Not for SDG

Following a 10-month long independent probe into fiscal 2011, 2012 and 2013 results Tech Data reveals the delayed numbers for the 9 months ending 31 October 2013-- with results only positive through 2012 acquisition SDG.

The March 2013 discovery of errors in the "vendor accounting" of UK subsidiary Computer 2000 forced the IT distribution giant to rip up 3 years of results. Further probing found further "improper vendor accounting, improper use of manual journal entries and improper recognition of foreign currency exchange transactions" in the accounts of two European countries and a Latin America operation.

At first glance Tech Data results for 9-month fiscal 2014 look positive, with sales growing by 5% Y-o-Y to $18.8 billion. However, remove the $1.6bn generated by SDG and sales actually fall by -5%. The difference is equally stark in the fiscal Q3 (ending October 2013) numbers, with sales falling by -7% Y-o-Y if one eliminates SDG sales.

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Ingram to "De-layer" via $100m Restructure

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Ingram to

Next year will see Ingram Micro spending $80-$100 million to "de-layer" and "align" its global infrastructure and internal organisations in the hopes of annual savings worth... $80-100 million.

The distributor already coughed up $8m on restructuring during Q4 2013. The rest will be spent during H1 2014, meaning Ingram will only see the eventual cost-saving results by 2015.

As CEO Alain Monie puts it, "the overall objective of our organisational effectiveness programs... is to streamline and focus our resources to run our businesses faster, smarter and better to capture the tremendous opportunities we have already started to invest in, while generating greater, sustainable shareholder value."

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