Daisy revenue surges fourfold

Daisy revenue surges fourfold

Daisy has reported revenue up fourfold to £120m for the six months ended 30 September 2010. The distributor reported its half year results today (7 December).

Profit increased over 11 times to £16.1m during the period, compared with £1.4m during the same period a year earlier.

The company acquired three companies during the period – Fone Logistics, CRC and Murphx. It said that integration was ‘running to plan’ with a £75m revolving credit facility agreed to June 2013.

Daisy CEO Matthew Riley said:The period under review has included significant corporate activity and the team has worked exceptionally hard to ensure that the Group is in a position to report such strong results.

‘The integration of the Group’s acquisitions has proved timely and successful, illustrating that our integration structure and processes are efficient and effective and will serve the Group while it continues to drive its stated growth strategy. 

‘We firmly believe that Daisy Group has the right foundations in place to continue consolidating the fragmented UK SME and mid-market telecommunications sector, and drive shareholder value.’

Written by Mobile Today
Mobile Today


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