ComLine increased its revenues by 30 per cent to a new record turnover. Family holding company HGDF also increased its share in the specialist distributor, thus strengthening it for further growth.
Specialist distributor ComLine increased its revenues in the 2017 business year by 30 per cent, to a new record high of 324 million euros. This broke the 300 million euro barrier for the first time. “This marks the beginning of the next step forward, towards the realisation of a 500 million euro turnover”, announced ComLine managing director Harald Rapp.
The company’s growth in recent years has been massive: in 2012 the turnover generated by a staff of 72 was 160 million euros. This means revenues have doubled in just five years. The number of employees increased in the past year to 90 experts in specialist business units who can quickly react to customer and manufacturer needs. “Our dynamic development has only been possible by having the top system houses and leading retailers as customers”, continued Rapp.
A substantial contribution to this growth was made by the family holding company HGDF, whose subsidiaries and holdings also include Flensburger Brewery and Queisser Pharmaceuticals. The holding company has now increased its shares in the specialist distributor by 25 per cent, bringing its total stake to 85 per cent. ComLine management holds the remainder of the shares. This means that ComLine is now equipped for further investment.
„This step gives us new financial possibilities for both organic and inorganic future growth. We have therefore been able to actively help shape the current consolidation in the distribution sector“
„We are convinced by ComLine’s business model and are therefore investing more in the future and growth markets of IT and digitalisation. As a long-term and value-oriented family holding company, we fully support the course set by ComLine“