2020

16.03.2020 – ALSO Holding AG

ALSO helps customers

ALSO Holding AG / Key word(s): Miscellaneous
ALSO helps customers

16.03.2020 / 11:21

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     Media release
Consequences of corona virus
ALSO helps customers

   We have been following the latest developments ever since the corona
   virus began to spread and are successfully working on a wide range of
   measures to safeguard the supply chain and personal safety of
   employees, customers and partners. Meetings are held digitally
   whenever possible and many of our employees have for some time been
   instructed to work from their home office.

   ALSO will help customers who have short-term liquidity bottlenecks as
   a result of the consequences of the corona virus. "All resellers will
   be analysed continuously across the Group with the aid of the business
   intelligence we have introduced on a long-term basis in order to
   support them proactively. That is how we have a very clear and precise
   view of the company's loyal customers who are structurally healthy but
   now run the risk of getting into difficulty due to the consequences of
   the corona virus. You will receive swift and unbureaucratic support
   from ALSO," Gustavo Möller-Hergt, CEO of ALSO Holding AG, announced.

   Subject to sales volume and level we are offering to extend payment
   targets for resellers who are affected. For this purpose ALSO Holding
   and its country companies are making a double-digit million amount of
   additional liquidity available. The company will also respond flexibly
   to the individual reseller's situation where credit lines are
   concerned. Implementation will be at short notice, with measures
   initially in place until the end of April. But the company will
   continue beyond then to assist and advise SMB resellers with problems
   as they occur. Please address your queries in this connection to
   support4corona@also.com
ALSO will do all that it can to protect its customers, partners and
employees. The entire team is pitching in to lend a helping hand at this
difficult time. We will shortly be publishing details of further specific
measures.

Direct link to media release: https://www2.also.com/press/20200316en.pdf


Contact person ALSO Holding AG:
Manuela Rost-Hein
Head of Communications ALSO Group
Phone: +49 151 14040215
E-Mail: manuela.rost-hein@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.


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