CFOtech New Zealand - Technology news for CFOs & financial decision-makers
Story image
Ingram Micro NZ sees $74 million revenue growth in 2021
Wed, 10th Aug 2022
FYI, this story is more than a year old

Ingram Micro New Zealand's latest financial report reveals that its revenue from contracts with customers increased by almost $74 million in 2021.

Year-over-year revenue from contracts with customers has grown to $774,012,000, from $700,971,000 in 2020.

The company's profit for the year (after income tax) was also higher than 2020, increasing by $6.3 million from $15,786,000 to $22,099,000 year-over-year.

The most significant of Ingram Micro New Zealand's expenses in 2021 was Administration costs, which totalled $34,808,000, growing by almost $3 million compared to 2020.

Additional expenses include Distribution at $13,569,000, a year-over-year growth of $1,037,000 from 2020, and Other, which made up $13,457,000 of the company's expenses for 2021, growing by $1,366,000 year-over-year.

However, the depreciation value of the company's plant and equipment doubled from $135,000 in 2020 to $270,000 in 2021.

PricewaterhouseCoopers conducted an independent audit of Ingram Micro New Zealand to compile these results.

The report notes the pandemic and the impact it has had industry-wide but says it has no bearing on the latest results.

"The group acknowledges the future impact of COVID-19 on the business, supply chain and wider economy contains a level of uncertainty, however no impact on the going concern status of the Group has been identified," the report states.

The release of its latest financial results comes after Ingram Micro announced two key appointments within its New Zealand business, following the combination of the commercial - consumer business units, which previously had a general manager each.

Leon De Suza has been appointed to head the combined business with the title of commercial - consumer director.

De Suza started with the distributor in 2006 as an assistant product manager before progressing to product manager, senior product manager, business manager and then general manager for the Apple and consumer accessories business unit.

"Today it gives me great pleasure to confirm Leon's promotion and permanent appointment," Ingram Micro New Zealand managing director Jason Langley says.

"He has proven himself to be an exceptional strategist, relationship builder and leader."

At the same time, Blair Wilson has been promoted to the position of retail - consumer general manager, reporting directly to De Suza.

"Blair will continue to have ultimate responsibility for leading the retail business, while also taking on the new challenge of leading the consumer vendor brands, with the exception of Apple and Logitech," Langley adds.

Having joined Ingram Micro in 2005 as South Island OEM manager, Wilson progressed to South Island commercial account manager, retail account manager, Apple BDM and, most recently, retail sales manager.

Ingram is working through other potential promotions in the commercial - consumer business unit as a result of De Suza and Wilson moving up.

Some figures in this story have been rounded.