Dicker Data has recorded a flying start to its 2015 financial year with all major markers coming in higher than projected.
Revenue for the quarter was $263 million, 17 per cent higher than projected. Chairman and CEO, David Dicker, said with such a strong start on the revenue side, the company was confident of exceeding $1 billion in revenue for the year.
Monthly average sales for the combined Dicker Data/Express Data entity were almost 100 million.
Dicker said the company also exceeded its projections for the quarter by 30 per cent for EBITDA, operating profit came in 48 per cent higher than projected, and net profit after integration costs was 6 per cent higher.
He stated the integration of Express Data into Dicker Data was basically complete and the company was operating well under its new management team.
That team will soon be without commercial director, Chris Price, who resigned in September. Express Data sales director, David Peach, left the company on October 17 and his role has been incorporated in Chris Spence's sales manager position.
Dicker went on to say that the second half of the company's financial year is stronger and as each month went by costs of the integration dropped off and synergies added to its performance. As result he was confident Dicker Data was on track to reach its projected full year results.
Shares in the company trended upwards again over the past week and closed at a high of $1.75 with 103,998 securities traded on and off market on the day.