Ingram Micro UK profits rise, workforce trimmed

A 13% reduction in headcount at Milton Keynes-based broadline giant Ingram Micro during 2009 helped bolster the bottom line in the UK. Financials for the calendar year revealed profits of £3m,an increase of38% while sales dipped marginally to £648m. The market was "highly competiti

A 13% reduction in headcount at Milton Keynes-based broadline giant Ingram Micro during 2009 helped bolster the bottom line in the UK.

Financials for the calendar year revealed profits of £3m, an increase of 38% while sales dipped marginally to £648m.

The market was "highly competitive" given the spread of volume whoesalers, large corporate resellers and retailers with strong buying power, said Ingram in a statement accompanying the numbers

"The company believes that the current technology industry environment generally favours large, financially sound distirbutors that have large product portfolios, economies of scale and strong business partner relationships," it added.

In a year which witnessed the departure of commerical director Bhavesh Patel and UK boss JUlian Klein, total staffing numbers at Ingram skrank from 406 to 352.

This included a 20% cut in office and management positions and a less severe 5% drop in technical and sales staff.

Ingram said little else that was new or worthy of quoting but pointed out that as a result of "intense price competition" in products and services distribution it expected gross margins to "continue to be narrow in the future".

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