Economy · Cyprus

Logicom reports 55% drop in profits for Q1 2026

2 sourcesFirst reported 1 month agoUpdated 1 month ago

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Logicom's profit attributable to shareholders fell by 55.2% in Q1 2026.
Sales declined by 2% to €286.6 million compared to the previous year.
The software solutions division saw an 18.4% drop in gross sales.
Lower sales in key markets like Saudi Arabia and Greece contributed to the decline.
Other income also decreased significantly due to prior year insurance compensation.

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AI summary: catch up in 20 seconds

Logicom's profit attributable to shareholders fell by 55.2% in Q1 2026.
Sales declined by 2% to €286.6 million compared to the previous year.
The software solutions division saw an 18.4% drop in gross sales.
Lower sales in key markets like Saudi Arabia and Greece contributed to the decline.
Other income also decreased significantly due to prior year insurance compensation.

Generated by AI from the 2 sources below · always verify with the originals