Menu
Dicker Data records strong first quarter FY2016

Dicker Data records strong first quarter FY2016

Profit before tax comes in a head of forecast

Highlights from Dicker Data FY2016 Q1 results

Highlights from Dicker Data FY2016 Q1 results

Dicker Data has reported an excellent start to the FY 2016 with first quarter (Q1) profit before tax coming $1 million in ahead of forecast at $6.8m.

In a filing on the ASX, the distributor reported that revenue for the quarter was $267.7m, 11.4 per cent higher than the comparative quarter last year. It said this was partly the result of realising full value of new vendors introduced during 2015 and strong performance with existing vendors.

Gross margin was $23.7 million, down 1.4 per cent on the comparative quarter in FY2015 but in line with the company's forecast. Dicker Data explained that the comparative quarter last year benefited from a number of significant vendor rebate gains and favourable investments in inventory resulting in higher than normal profit margins.

EBITDA for the quarter came in at $9.1 million, 16.3 per cent higher than the comparative quarter in FY2015. It is also two per cent higher than the underlying EBITDA on year to year comparison.

Profit before tax (PBT) was 10.3 per cent higher than comparative quarter last year and the PBT margin was maintained 2.6 per cent.

Chairman and CEO, David Dicker, commented that from a revenue and profit perspective, Q1 is traditionally the slowest quarter of the year, with Q2 being one of the strongest quarters.

"With our Q1 achievement tracking ahead of our forecasted number of quarter, we are confident that pre-tax profit of $35 million for FY16 will be achieved. Assuming an average tax rate of 30 per cent NPAT is forecast $24.5m, equating to 11 per cent growth on underlying growth."





Follow Us

Join the New Zealand Reseller News newsletter!

Error: Please check your email address.

Tags Dicker DataFY2016distributionASXdistributorEBITDANPAT

Featured

Slideshows

Tight lines as Hooked on Lenovo catches up at Great Barrier Island

Tight lines as Hooked on Lenovo catches up at Great Barrier Island

​Ingram Micro’s Hooked on Lenovo incentive programme recently rewarded 28 of New Zealand's top performing resellers with a full-on fishing trip at Great Barrier Island for the third year​ in a row.

Tight lines as Hooked on Lenovo catches up at Great Barrier Island
Inside the AWS Summit in Sydney

Inside the AWS Summit in Sydney

As the dust settles on the 2017 AWS Summit in Sydney, ARN looks back an action packed two-day event, covering global keynote presentations, 80 breakout sessions on the latest technology solutions, and channel focused tracks involving local cloud stories and insights.

Inside the AWS Summit in Sydney
Channel tees off on the North Shore as Ingram Micro hosts annual Cure Kids Charity golf day

Channel tees off on the North Shore as Ingram Micro hosts annual Cure Kids Charity golf day

Ingram Micro hosted its third annual Cure Kids Charity Golf Tournament at the North Shore Golf Club in Auckland. In total, 131 resellers, vendors and Ingram Micro suppliers enjoyed a round of golf consisting of challenges on each of the 18 sponsored holes, with Team Philips taking out the top honours.

Channel tees off on the North Shore as Ingram Micro hosts annual Cure Kids Charity golf day
Show Comments