PCM has hinted that it may expand further into Europe after its UK business scored £50 million in sales last year.
For the year ending 31 December 2018 PCM reported flat revenue of $2.2 billion, while in the UK sales hit $62.4 million. But its UK business, which launched in 2017, now equates to three per cent of the business’ overall sales.
On an earnings call, CEO Frank Khulusi said that the reseller might look to move further into Europe after Brexit.
“It depends on what deal ends up being struck. There has always been a wish on the table from both the EU side and UK side to continue to have very open trades, but we don’t know what we don’t know about where that’s going to land. We hope that it’s going to land in an area where we can continue to transact very openly within Europe.”
He said that in the long term there were things that the outfit could do in Ireland and other places that will allow us to continue to leverage any opportunities in the rest of Europe.
Khulusi said he doesn’t expect PCM to be hurt by Brexit, unless there is a “significant effect on the UK economy”, because the majority of its European revenue comes from the UK.
