Dicker Data expects pre-tax profit to more than double to $30 million in the 2015 financial year on the back of its Express Data acquisition.
The distie announced today that it had grown pre-tax profit marginally to $14 million for the year ending 30 June 2014, a 5.7 percent rise.
Dicker did not reveal its full-year revenues today; that is expected next month.
However, last year the company turned over $451 million and reported a pre-tax profit of $13.2 million, a profit margin of 2.9 percent.
David Dicker has previous said he expects the newly merged company to turn over more than a billion dollars, more than double its current sales.
That pre-tax profit result for 2014 and forecast for 2015 exclude one-off integration costs. For the financial year just ended, Dicker Data recorded a one-off acquisition and integration cost of $6.5 million.
Dicker Data is expecting consolidation benefits from the merger with Express Data to be a "significant" factor in the forecast increase. This will include opportunities to cross-sell products, as well as synergies in the distribution centre and administration and finance.
The distie has flagged a further $2.5 million in one-off costs, but forecasts this will result in recurring cost savings of $13 million per year. The announcement did not detail how the cost savings would be achieved.
Dicker Data is "working towards finalising all expected key vendor relationships", stated CEO David Dicker in today's announcement. The acquisition was completed in April.
Today's forecast follows news in May that Dicker Data recorded $99 million in revenue in its first month after buying Express Data and last week's departure of Express Online chief executive Danny Moore.
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