Today, Getronics is releasing its unaudited Trading Statement for Q3 2006.
Highlights Q3 2006:
• Total revenue increased 1% to EUR 622 million (Q3 2005: EUR 618 million); total revenue reported excludes EUR 16 million of revenue from discontinued operations (France) compared with EUR 76 million from discontinued operations in Q3 2005 (France and Italy).
• Service revenue increased by 3% to EUR 550 million (Q3 2005: EUR 533 million); service revenue growth on a comparable basis ** +5.0% in Q3 2006; service revenue growth breakdown: good in the Netherlands (+5.2%), strong in the Rest of Europe (+13.8%) and the Rest of the World (+10.3%); year-on-year decline in North America (-10.3%).
• Product revenue decreased by 15% to EUR 72 million (Q3 2005: EUR 85 million), as the Company continues to de-emphasise non service-related product sales; revenue mix improved in Q3 to 88.4% services and 11.6% products from 86.2% and 13.8% in Q3 2005, respectively.
• Outlook for 2006 remains unchanged.
Full statement:
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