Interface Solutions International - UK
On a turnover of £113
million, Interface Solutions in the UK achieved pre-tax profits of £0.1
million, representing 1.0% of the total profits of the Niche Distribution
Division (2004 : 5.9%). The overall
return on turnover of 0.1% (2004 : 0.7%) does not meet Fayrewood’s internal
benchmarks in what has been a year of transition for the company. We have made solid
progress in our strategic aim of selling more complex products, which require
support and hence offer better margins.
We are now a major IBM storage distributor and have recently secured
IBM storage software and IBM retail systems products. We have also been successful in increasing
sales of IBM’s X Series Server range and for Lenovo, which last year acquired
IBM’s personal computing division.
This progress gives us some confidence that 2006 will be a much better
year in profit terms. |
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