ALSO: Currency effects and optimization expenses influenced half-year results.
| 26 July, 2018
ALSO achieved a Group net profit of 27.0 million euros in the first half of 2018 (previous-year period 36.9 million euros), and a profit before taxes (EBT) of 40.5 million euros (previous-year period 51.4 million euros).
“In recent years, we have created the basis for optimizing our structure through a large number of measures. Our investments in a harmonized ERP system (SAP), customer relationship management software, and a business intelligence platform have enabled the transformation team to implement efficiency measures faster than expected. We estimate that with a one-off investment of 12-15 million euros, savings of 25-30 million euros with effect for the full year will be achieved from the second half of 2019. We expect first positive effects already in the next six months,” explained Gustavo Möller-Hergt, CEO of ALSO Holding AG . “We have taken a major step forward in our digital transformation while at the same time sharpening our customer focus. We will continue to vigorously improve our efficiency and effectiveness as well as utilize additional potential,” Möller-Hergt added.