Computer and office equipment finance company ThinkSmart Ltd
(ASX:TSM) has reaffirmed its profit guidance for 2009 and says it expects strong earnings before interest, tax, depreciation and amortisation growth in 2010.
The company says key drivers behind the company delivering earnings, before interest, tax, depreciation and amortisation growth in 2009 is the ongoing strength of the group’s Australian operations led by ThinkSmart’s retail partners JB Hi-Fi and Dick Smith, and the improved performance of UK electrical retailing partner DSG international.
Importantly the company says it is seeing signs of recovery in most European markets and this will position it for growth in 2010.
CEO Ned Montarello says the company has no debt and it is seeing new funding opportunities emerge as credit markets recover.
Mr Montarello says the ThinkSmart’s growth targets are very achievable.
ThinkSmart has posted profits in the last four years.
