The European resellers inspiring investor confidence

Josh Budd
clock
The European resellers inspiring investor confidence

It's not just UK-listed resellers that are enjoying a solid 2018 on the stock market, with European counterparts such as Cancom and Crayon also climbing

4) Cancom

Share increase YTD: 26%

Current market valuation: €1.55bn

Valuation at start of year: €1.28bn

Cancom seems to have bucked the general downward trend of some German reseller stocks so far this year. While Bechtle, Cancom, and Computacenter - the country's largest players - all posted extremely healthy 2017 financial results last year, there's evidence that 2018 could be a much tougher.

Bechtle's had a patchy start to 2018, with its share price falling by 3.35 per cent since trading began on 2 January to €67.70 per share. But Cancom has outshined its competitors on the stock market.

alt=''

The Frankfurt-listed company recently made a return to the UK market through acquiring London-based MSP Ocean Intelligent Communications. The reseller is gunning for €2bn revenues over the next three to five years and operating margins of 10 per cent as it looks to embrace an MSP model and sell its own products.

"In the first quarter we again profited from the continuing demand for state-of-the-art IT systems and IT management solutions," - Klaus Weinmann, CEO, Cancom (pictured)

More on Research

Western Europe's PC market sees drop amid supply bottlenecks and geopolitical tensions

Western Europe's PC market sees drop amid supply bottlenecks and geopolitical tensions

Research from Canalys shows that PC shipments dropped 3 per cent in Q1 2022

clock 17 May 2022 • 2 min read
Global spend on AI set to grow by almost 20 per cent this year 'as the next major wave of innovation'

Global spend on AI set to grow by almost 20 per cent this year 'as the next major wave of innovation'

IDC analysts tell partners AI spend is predicted to surpass $500bn by 2023

Daniel Bennett
clock 16 February 2022 • 2 min read
Sales fall for SysGroup but CEO remains upbeat

Sales fall for SysGroup but CEO remains upbeat

'I am pleased with the performance of the business in light of the ongoing economic uncertainty', CEO Adam Binks said

clock 22 November 2021 • 2 min read

Highlights

Staff & Salaries 2022

Staff & Salaries 2022

A snapshot of pay and headcount trends in the UK channel

Doug Woodburn
clock 09 March 2022 • 1 min read
Midwich CEO on Nimans acquisition, 2021 results and return to pre-pandemic levels

Midwich CEO on Nimans acquisition, 2021 results and return to pre-pandemic levels

Stephen Fenby talks to CRN after Midwich’s 2021 results in which profitability exceeded pre-pandemic levels

Josh Budd
clock 08 March 2022 • 3 min read
4 more vendors suspend sales in Russia following Ukraine invasion

4 more vendors suspend sales in Russia following Ukraine invasion

IBM and Microsoft are among a number of vendors which have also announced that they will halt sales in Russia following the invasion of Ukraine.

Dan Bennett
clock 08 March 2022 • 3 min read