Dataflex bucks telecomms trend with strong growth

Dataflex Holdings has announced its preliminary results for the 12 months ended 30th June 2001. Financial highlights include: a 73% increase in revenue to GBP 44.7 million (2000: GBP 25.8 million); a 72% increase in trading profit (before exceptional items, interest, tax and amortisation of goodwill) to GBP 8.9 million; and a net cash balance of GBP 19.5 million. Jacob van Houdt, Group CEO of Dataflex commented: "While we expect to see continued difficulties in our sector in the short term, we are confident that our strong emerging product portfolio, which addresses the needs of our customer base in growth areas such as broadband, and our expanded geographical reach, should begin to have a positive effect on our performance in the second half of the 2001/2002 financial year but this will depend on an improvement in external market conditions.

We have a healthy balance sheet with net cash of nearly GBP 20M to sustain the investment in our future".