AB doubles number of contracts in H1 2010

2010-07-28

The IT distributor AB signed 40 distributing contracts in H1 2010, which is around twice as many as in the analogous period of 2009, when the company concluded 17 agreements. The increase is the effect of the implementation of a new strategy that has broadened the company’s portfolio of products and created a comprehensive offer for the clients.
Thanks to the new contracts, the distributor’s sales revenues totalled to €89.9m after the first three quarters of fiscal year 2009/2010, while in the whole of 2008/2009 it posted €64.7m turnover from the sale of IT equipment.
In Q3 2009/2010, i.e., from January to March 2010, AB reported PLN 658.6m (€164.2m) of sales revenues and PLN 5.9m (€1.5m) of net profit, while in the analogous period of 2008/2009 the figures were PLN 646.8m (€161.3m) and PLN 4.5m (€1.1m), respectively.