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 newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags distributorDicker DatadistributionASXEBITDANPATFY2016

Featured

Slideshows

Reseller News welcomes industry figures for 2019 Hall of Fame lunch

Reseller News welcomes industry figures for 2019 Hall of Fame lunch

Reseller News welcomed 2018 inductees - Chris Simpson, Kendra Ross and Phill Patton - to the third running of the Reseller News Hall of Fame lunch, held at the French Cafe in Auckland. The inductees discussed the changing landscape of the technology industry in New Zealand, while outlining ways to attract a new breed of players to the ecosystem. Photos by Gino Demeer.

Reseller News welcomes industry figures for 2019 Hall of Fame lunch
Upcoming tech talent share insights at inaugural Emerging Leaders Forum 2019

Upcoming tech talent share insights at inaugural Emerging Leaders Forum 2019

The channel came together for the inaugural Reseller News Emerging Leaders Forum in New Zealand, created to provide a program that identifies, educates and showcases the upcoming talent of the ICT industry. Hosted as a half day event, attendees heard from industry champions as keynoters and panelists talked about future opportunities and leadership paths and joined mentoring sessions with members of the ICT industry Hall of Fame. The forum concluded with 30 Under 30 Tech Awards across areas of Sales, Entrepreneur, Marketing, Management, Technical and Human Resources. Photos by Gino Demeer.

Upcoming tech talent share insights at inaugural Emerging Leaders Forum 2019
Show Comments