ALSO DEVELOPMENT 2024

ALSO DEVELOPMENT 2024

As stated on the occasion of the Investor Day on 20 November 2024 in Zurich, ALSO announces excerpts of its preliminary results by providing ranges:

• EBITDA between 230 and 240 million euros and
• ROCE between 28 and 31 percent

The IT industry has been one of the drivers of economic development in recent decades and will continue to play a key role in the future. Thanks to the industry's ability to constantly develop new innovative products, investment cycles are driven and economic potential is generated. Due to the work on our ALSO ecosystem over the past 13 years, we are in a position to benefit from this growth.

These framework conditions also played a key role in achieving the 2024 results. At around 11.0 billion euros, revenues were maintained at the previous year's level without compromising gross profit margins.

These results were achieved taking into account negative foreign currency effects and expenses for future growth. Furthermore, the company managed to generate the best EBITDA result in its history in the last three months of the year. The disproportionately strong performance of the digital platforms (cloud, AI, cybersecurity, etc.) was particularly pleasing.

With further improvements in working capital management and the resulting record cash balance of around 731 million euros, ALSO sees itself in a position to continue its current dividend policy and propose a further increase in the dividend for 2025.

ALSO will continue to invest in its ecosystem in 2025 and beyond, including through acquisitions, in order to exploit existing market opportunities with its platforms and technologies. The company expects the partnership with Westcoast to be completed in the course of the first quarter of 2025 once regulatory approvals have been obtained. At the same time, the company is examining the possibility of a share buyback program.

The full Annual Report 2024 will be published on 18 February 2025.

Contact ALSO Holding AG
Kilian Maier
Investor Relations
E-Mail: kilian.maier@also.com

ALSO Holding AG (ALSN.SW) (Emmen/Switzerland) is one of the leading technology providers for the ICT industry, currently active in 30 European countries and in a total of 144 countries worldwide via PaaS partners. The ALSO ecosystem comprises a total potential of around 135,000 resellers, to whom we offer hardware, software and IT services from more than 800 vendors in over 1,540 product categories. In the spirit of the circular economy, the company provides all services from provision to remanufacturing from a single source. The business activities comprise the areas of Supply, Solutions and Service. Supply stands for the transactional provisioning of hardware and software. Solutions supports customers in the development of customised IT solutions. Subscription-based cloud offerings as well as digital platforms for IoT, cybersecurity, virtualisation and AI are at the heart of the Service division. The main shareholder is the Droege Group, Düsseldorf, Germany. Further information can be found at https://also.com.

The Droege Group (founded in 1988) is an independent investment and consulting firm under full family ownership. The company acts as a specialist for tailor-made transformation programs aiming to enhance corporate value. Droege Group combines its corporate family-run structure and capital strength into a familyequity business model. The group invests its own equity in “special opportunities” with a focus on mediumsized companies and spin-offs as well as strategically in buy & build transactions. With the guiding principle "execution - following the rules of art", the group is a pioneer in execution-oriented corporate development. Droege Group follows a focused investment strategy based on long-term oriented megatrends. Enthusiasm for quality, innovation and speed determines the company’s actions. In recent years Droege Group has successfully positioned itself in domestic and international markets and operates in 30 countries. Further information can be found at https://droege-group.com.

Disclaimer

This press release contains forward-looking statements which are based on current assumptions and forecasts of the ALSO management. Known and unknown risks, uncertainties, and other factors could lead to material differences between the forward-looking statements made here and the actual development, in particular the results, financial situation, and performance of our Group. The Group accepts no responsibility for updating these forward-looking statements or adapting them to future events or developments.