2020

24.03.2020 – ALSO Holding AG

ALSO AGM approves dividend. 2020 to date net sales growth of 11 percent. Forecast confirmed.

ALSO Holding AG / Key word(s): AGMEGM
ALSO AGM approves dividend. 2020 to date net sales growth of 11 percent.
Forecast confirmed.

24-March-2020 / 17:36 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

__TOKEN__0__0__

     Media release
ALSO AGM approves dividend.
2020 to date net sales growth of 11 percent.
Forecast confirmed.

The Annual General Meeting of ALSO Group (SIX: ALSN) approved the Annual
Report 2019, all proposals of the Board of Directors and granted discharge
to the Board of Directors and the Group Management. The shareholders also
approved the 8th consecutive dividend increase. The dividend of CHF 3.25 per
share will be distributed from the foreign capital contributions reserve and
will be free of withholding tax. The decision to increase dividend is proof
of the confidence the shareholders in the strength and resilience of the
company.

The members of the Board of Directors, Peter Athanas, Walter P. J. Droege,
Rudolf Marty, Frank Tanski, Ernest-W. Droege and Gustavo Möller-Hergt were
re-elected for a further year in office. In addition, the shareholders
approved the re-election of Gustavo Möller-Hergt as Chairman of the Board of
Directors. Ernst & Young AG, Zurich, were elected as auditors for the
financial year 2020.

The company is in an excellent position to meet current and future market
challenges and opportunities. The determining factors for this are the clear
strategy and its consistent implementation, the motivated teams, the
versatile ecosystem, the good results of 2019, the significant improvement
of cash and the signing of the revolving credit facility.

Until March 20, 2020, ALSO registered an increase in net sales of 11
percent. At present the company confirms the target for 2020. The reasons
for this assesment are:

- the resumption of production in China

- the present confirmations of delivery for March and April

- an increased requirement of IT hardware, software and services due to
home-based activities such as home office or home school

- the ALSO ecosystem, which constitutes a diversified and robust base for
our business with its very diverse customer groups, countries, channels and
product categories. Due to this fact for example the shift of net sales from
retail to etail does not have any far-reaching consequences.

Gustavo Möller-Hergt, President of the Board of Directors and CEO of ALSO
Holding AG, explains: «Since the beginning of January we have been
monitoring the developments in connection with Corona very closely. Our
target is to protect customers, partners and employees and at the same time
safeguard inventories and supply chains, in order to supply our customers
and achieve 2020's forecast. Due to Corona, the IT Industry gets a further
surge in growth. We are pleased about this, however, at the same time we
also know that one's own health and that of the family, solidarity and
mutual support are just as important. This is why, in addition to internal
measures, we have established a program for our resellers, providing them
with fast and unbureaucratic support.»


Direct link to media release: https://www2.also.com/press/20200324en.pdf

Contact person for investors and financial media:
Alexandre Müller, Dynamics Group
Phone: +41 43 268 32 32
E-Mail: investor-relations@also.com

ALSO Holding AG (ALSN.SW) (Emmen/Switzerland) brings providers and buyers of
the ICT industry together. ALSO offer more than 660 vendors of hardware,
software and IT-services access to over 110 000 buyers, who can call a broad
spectrum of other customized services in the logistics, finance, and IT
services sectors, as well as traditional distribution services. From the
development of complex IT landscapes, the provision and maintenance of
hardware and software, right through to the return, reconditioning and
remarketing of IT hardware, ALSO offers all services as a one-stop shop.
ALSO is represented in 23 European countries and generates total net sales
of approximately 10.7 billion euros with around 4 000 employees in the
fiscal year 2019. The principal shareholder of ALSO Holding AG is the Droege
Group, Düsseldorf, Germany. Further information is available at
https://also.com

Droege Group
Droege Group (founded in 1988) is an independent advisory and investment
company 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 family- equity business model. The group carries out direct
investments with its own equity in corporate spin-offs and medium-sized
companies in «special situations». 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 current megatrends (knowledge, connectivity, prevention,
demography, specialization, future work, shopping 4.0). 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. More information:
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.


---------------------------------------------------------------------------

End of ad hoc announcement

---------------------------------------------------------------------------

close