Menu
NZ acquisitions help diversify CSG

NZ acquisitions help diversify CSG

Australian IT and print services provider CSG has reported revenue, EBITDA and NPAT growth for the half year to 31 December 2009.

The company, which bought New Zealand-based Konica Minolta Business Services (KMBS) and that company's finance arm, Leasing Solutions Limited (LSL), in December recorded revenue growth of 30 percent year on year to A$111.9 million, EBITDA growth of 10 percent to $23.9 million and NPAT up 11 percent to $12.3 million.

CSG CEO Denis McKenzie said in a statement that the company’s IT services business had a strengthening sales pipeline, margins were down during the half due to new revenue at lower margins. The print services business experienced significant sales of new equipment and highly profitable churn to colour printing, McKenzie said.

The company’s acquisition of KMBS and LSL in New Zealand, and its status as preferred tenderer for two major Northern Territory Government contracts were highlights of the half, he said.

In December, CSG said KMBS and LSL were expected to generate approximately NZ$20 million and NZ$5 million respectively of EBITDA in the 2010 financial year.

Read more on Computerworld.


Follow Us

Join the newsletter!

Error: Please check your email address.

Tags csgKMBS and LSLKonica Minolta

Featured

Slideshows

Meet the top performing HP partners in NZ

Meet the top performing HP partners in NZ

HP honoured leading partners across the channel at the Partner Awards 2017 in New Zealand, recognising excellence across the entire print and personal systems portfolio.

Meet the top performing HP partners in NZ
Tech industry comes together as Lexel celebrates turning 30

Tech industry comes together as Lexel celebrates turning 30

Leading figures within the technology industry across New Zealand came together to celebrate 30 years of success for Lexel Systems, at a milestone birthday occasion at St Matthews in the City.​

Tech industry comes together as Lexel celebrates turning 30
HP re-imagines education through Auckland event launch

HP re-imagines education through Auckland event launch

HP New Zealand held an inaugural Evolve Education event at Aotea Centre in Auckland, welcoming over 70 principals, teachers and education experts to explore ways of shaping and enhancing learning using technology.

HP re-imagines education through Auckland event launch
Show Comments