Computerlinks returns strong interim growth

Computerlinks, the Neuer Markt-listed computer services group, reported strong results in the first nine months of the year with…

Computerlinks, the Neuer Markt-listed computer services group, reported strong results in the first nine months of the year with turnover and earnings doubling compared with the same period in 1999. The majority stakeholder is Mr Pierce Casey, owner of 15.3 per cent of the company, which is quoted on the London market.

The rise in nine-month sales from €33.7 million (£26.54 million) to €70.8 million and the increase in earnings before interest, tax, depreciation and amortisation from €2.9 million to €5.9 million is largely due to the acquisition of IT marketing companies Uniphalm in England, Alpha Media in France and Computerlinks in Switzerland.

Since its flotation last July, Computerlinks' share price has more than doubled to €76.30.