Dicker Data (DDR) has released a brief 1Q15 update highlighting revenue and EBITDA results progress
Source: FIIG Securities, Dicker Data
Revenue for the quarter was $240.3m, 106% higher than the comparative quarter last year or up 2% on the linked quarter from $235m. Results are in line with the forecasts detailed in the initial research and the company reconfirmed they are confident of $1bn plus in revenue for the full year to December 2015.
As expected, further restructure costs of $1.1m were incurred primarily relating to redundancy expenses. DDR does not expect any further material restructure costs in future periods.
The next two quarters have historically been stronger for the company and this trend is expected to continue.
In terms of growth opportunities, the New Zealand expansion has gained momentum with DDR extending its long standing relationship with Toshiba. The company have been granted distributions rights for the full range of products in that market.