ALSO Holding AG Thrives Amidst Challenges

• ALSO Holding AG slightly exceeded the previous year's operating result with 257 million euros, driven by operational excellence and growth in the cloud.
• The company experienced a decline in sales of around 1.4 billion euros, mainly due to customer structure optimization and buying reluctance in Germany and Poland due to geopolitical instability.
• Active management of net working capital led to an optimization of free cash flow (347 million euros, +339%) and ROCE.
• The Board of Directors is proposing an increase in the dividend to shareholders for the twelfth time in a row, based on the liquidity situation and excellent future prospects.
• CEO Gustavo Möller-Hergt stated that the company will continue to drive expansion into new markets and technologies with the help of their acquisition pipeline.
• ALSO is increasing its short and medium-term targets, with a 2024 target of ROCE >25 per cent (+25%) and a 2026-2028 target of EBITDA 350-450 million euros, ROCE >30 percent (+50%).

The next important date, Quarterly report, at ALSO Holding is on 20.02.2024.

ALSO Holding

-1,24 %

+6,24 %

+11,48 %

+4,53 %

+34,73 %

+7,78 %

+128,46 %

+548,89 %

ISIN:CH0024590272WKN:A0JJW1

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