E-security pulls in the profits for Computerlinks
ComputerLinks AG, the German networking equipment distributor owned by UK-quoted company Fayrewood plc, reports strong growth in Q1, with "incoming orders, EBITDA and cash flow each increased by approximately
Sales were up 197 per cent to E38.5m and sales pre employees were movedup from E0.11m to E0.14m.
More than half of the sales - 53 per cent - were in what Computerlinks calls e-security.
The UK accounted for more than 50 per cent of company sales and Germany produced 35 per cent.
Pre-EBITDA earnings were up 189 per cent to E3.3m.
With goodwill writedowns coming in at E1.2m, earnings before tax was 1.8m.
Computerlinks is listed on the Neuer Markt. ®
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