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Third party research

Proact: Dell and NetApp reports support growth recovery - ABG

Proact IT Group

This is a third party research report and does not necessarily reflect our views or values

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Dell storage and NetApp billings show improved momentum
We estimate increased organic growth rates ahead for Proact
Share trades at 9.6x 2024e EV/adj. EBITA, 12% below peers


Dell and NetApp with solid numbers

Proact is a value-added reseller of data storage solutions from Dell and NetApp. Both companies reported in the end of last week, and to conclude, there were solid comments around demand for data storage, tailwinds from early AI signs and a general recovery in the market post a relatively weak 2023 in terms of products sales (System sales segment for Proact).
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Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.