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.
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)
