InTechnology will be reviewing its vendor product lines over the next year after revealing a group operating loss of £13m in the six months ended 30 September 2005.
The distributor, which earlier this year parted company with Integralis, saw turnover fall to £131.8m compared with £132.4m in 2004, with operating loss standing at £13m compared with £1.1m in 2004.
Peter Wilkinson, chief executive of InTechnology, told CRN: “We have made a lot of changes and we believe we now have a formula that will be successful over the next six months.”
Although the firm’s managed data services division is performing well, specialist distribution turnover drop-ped by 10 per cent.
“We are not looking to get out of distribution, but we will be looking at some of our product lines and seeing if it’s worth continuing with them,” Wilkinson added.
Kata Hanaghan, analyst at Ovum, said: “The overall revenue and profit numbers disguise a mixed performance. While InTechnology is doing all the right things in reducing the cost base and focusing efforts on sales around the most difficult areas, there is really nothing it can do to control margin pressure within the market.”
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