ALSO Holding AG Reports Strong Preliminary 2024 Results

ALSO Holding AG announced its preliminary 2024 financial results during the Investor Day in Zurich, highlighting a strong performance in a challenging economic context. The company projected an EBITDA between 230 and 240 million euros and a Return on Capital Employed (ROCE) between 28 and 31 percent.

Revenues remained stable at around 11 billion euros, maintaining gross profit margins despite negative foreign currency impacts and investments in future growth. The IT sector's continual innovation has supported this stability. Notably, ALSO achieved its highest-ever EBITDA in the year's last quarter, driven by remarkable digital platform performance.

Further improvements in working capital management resulted in a record cash balance of approximately 731 million euros. This financial position supports a proposed increase in the 2025 dividend. The company plans ongoing investments in its ecosystem, including acquisitions, to seize market opportunities. A potential share buyback is also under consideration.