Australian distributor Dicker Data has finished its first month operating with acquired company, Express Data, with a total revenue of almost AU$100m.
Revealed to the Australian Stock Exchange, the company reported total combined revenue of $99,040,617, getting the consolidated entity off to a “very strong start.”
Both entities had solid gross margins of over 8%. For the month of April, Dicker Data recorded a net operating profit before tax, integration and acquisition costs of $1,675,444, and Express Data group $408,678.
Total integration costs incurred to date are approximately $1.6m, with the company expecting most of the integration costs to be covered in this financial year, “allowing a clean entry into next year when we expect a very strong result.”
“As we integrate Express Data in Dicker Data we can expected the consolidated net profit percentage to rise to Dicker Data levels,” says David Dicker, chairman and CEO, Dicker Data.
“It is the intention that the bulk of the integration process to be completed by August 2014 when the Express Data operations in Botany transfer to Dicker Data headquarters in Kurnell.
“The size of the combined entities revenue and the strong gross margins on both sides gives us great confidence for the future.”