Dicker Data is expecting a $200 million jump in revenue for the full 2014 financial year, the distributor revealed in an investor presentation today.
The company expects revenues to reach $653.3 million for the year, a significant increase of approximately 44.6 percent from the $451.6 million it recorded the previous financial year.
The results only include a partial year of sales from Express Data; Dicker Data announced the completion of the acquisition in early April.
Dicker Data is also expecting a solid increase in gross profit, with an expected $53.2 million for the 2014 financial year, up approximately 41.1 percent from $37.7 million the year before.
The company has previously stated that it expects most integration costs resulting from the acquisition of Express Data to fall in the 2014 financial year – a claim borne out by today's expected earnings announcement.
Today's investor presentation states that Dicker Data expects to spend an additional $9 to $10 million on one-off acquisition and merger costs, on top of the $65.5 million acquisition price.
While revenues are expected to jump significantly, the increase in net profit after tax appears to be modest based on today's guidance, though Dicker appears set to maintain its record of growing net profit every year.
Net profit after tax is forecast to grow from $9.2 million last year to $9.7 million this year. This excludes one-off acquisition costs and integration costs.
CEO David Dicker stated in May that by completing most integration costs in 2014 financial year, he expected a "clean entry" into next year and a "strong result" next year.
Dicker Data is expecting a big year ahead, estimating pre-tax profit to more than double to $30 million in the 2015 financial year.
The company has also expanded its Kurnell warehouse by 55 percent to 14,000 square metres. In the last financial year it has brought on new vendors including Microsoft (direct distribution), HP Printers, Storagecraft, Tandberg, Watchguard, APC and Western Digital.
Dicker Data will report its full-year 2014 results in August.