Feeds

Acal looks forward to ‘satisfactory year’

Strength of PC parts business sees it through

  • alert
  • submit to reddit

The Essential Guide to IT Transformation

The Acal Group -- a distributor of electronics and IT products -- has reported increased sales and profits for the six months to 30 September despite suffering difficult trading conditions made worse by the strength of sterling. Much of the Surrey-based company's success has been achieved because of the improved performance of its PC parts business, EAF, which Acal acquired in 1996. EAF operates throughout Europe and has a holding company in Holland. It accounts for around 20 per cent of Acal's turnover. "In Europe, in a more positive climate, we have achieved growth overall," said Acal chairman John Curry. "However, the real success of the half-year has been the turnaround of our PC parts business." Curry said the company achieved growth in the UK in the PC parts business and in Headway, its document management business. "Forecasting is particularly difficult given the uncertain and generally pessimistic economic climate," Curry said. "Nevertheless, we look forward to a satisfactory year." Acal's turnover was up 5 per cent at £78.2 million from £74.6 million the same period last year. Group operating profit increased by 15 per cent to £5.5 million (£4.8 million) and profit before taxation was up 29 per cent at £7.2 million. "I am pleased to report that the business is exceeding the original plans for this year and will meet all our financial goals of growth, return on capital and profit on sales," said Curry. ®

Boost IT visibility and business value

More from The Register

next story
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
Chips are down at Broadcom: Thousands of workers laid off
Cellphone baseband device biz shuttered
Feel free to BONK on the TUBE, says Transport for London
Plus: Almost NOBODY uses pay-by-bonk on buses - Visa
Amazon says Hachette should lower ebook prices, pay authors more
Oh yeah ... and a 30% cut for Amazon to seal the deal
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Backing up Big Data
Solving backup challenges and “protect everything from everywhere,” as we move into the era of big data management and the adoption of BYOD.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.