Interim results 2008

Financial highlights

  • Revenue up 26% (11% organic) to $1.92 billion
    (2006 restated: $1.52 billion)
  • Gross margin percentage improved to 12.9% (2006: restated: 12.6%)
  • Underlying* EBITDA increased by 26% to $61.0 million (2006: $48.4 million)
  • Underlying* earnings per share up 35% to 18.9 US cents (2006: 14.0 US cents)
  • Headline earnings per share up 8% to 16.8 US cents (2006: 15.6 US cents)

Operational highlights

  • Robust growth outside the US: 57% of Group revenue now derived from outside the US
  • Major acquisitions transform Westcon's European business and improve the vendor mix
  • Logicalis US restructured to improve profitability