UK lifts C2000 performance

Back in the black

Computer 2000 has posted its "best year ever" results, citing the UK as one of the largest contributors to profits. On 2 December, the Munich-based PC distributor showed pre-tax profit of DM 150 million (£54 million) for the year ended 30 September, against last year's £25 million loss. Sales went up 22 per cent to DM10.1 billion (£3.6 billion). The group reported sales outside Europe had dropped 35 per cent to DM487 million (£174 million), and blamed the Asian crisis and restructuring in the US. But it said the British and German subsidiaries were responsible for the largest areas of profit. C2000 described business as "very satisfactory on the whole, with the exception of France, Norway and Latin America." C2000 was bought by Tech Data earlier this year. It has over 40 subsidiaries in 30 countries in Europe, Latin America and the Middle East.®

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