MAIN PAGE & EXAMPLE PAGE- REPORT - NEW - 3 STEP IT - Flipbook - Page 29
The company carries a residual value risk for
leased assets. The risk is controlled by the
Group’s management team monitoring the development of the market price of used IT assets
compared with anticipated residual values. Endof-lease revenues developed as planned during
the financial period.
Calculation formulas for the key ratios are presented in the accounting principles.
Development focused on extending the availability of our 3FindIT, 3CheckIT and 3ChooseIT services to be able to make a common offer to all
customers. 2017 R&D investments came to EUR
648,354 (EUR 365,765 in 2016 and EUR 485,521
in 2015), equivalent to 0.9 per cent of operational costs (0.9 per cent in 2016 and 1.5 per cent in
98 per cent of IT devices returned to 3 Step IT after the leasing period are remarketed for reuse;
this remarkable reuse success rate has been
stable for 2 years. The 2% of faulty, damaged or
obsolete hardware is recycled in an eco-friendly
manner following 3 Step IT’s ISO 14001 certified
Risks and risk management
General business risks for 2018 are related to
the general economic outlook, and forecasts are
generally for similar rates of growth to continue
(with the exception that sentiment in the UK will
be affected by whatever emerges from Brexit negotiations).
There have been no significant changes in business activities after the end of the financial
While structural changes in IT markets continue,
the forecast for IT devices is generally flat, with
detailed variation by country. IT market changes
may delay core IT investments and alter customer procurement methods, which might hamper
company growth. Responding to these risks, and
strengthening its competitive position, the company is expanding its portfolio of services and remarketing offerings.
3 Step IT Group’s business volume is expected to
continue to grow in 2018. Growth will be supported by further internationalisation, exploitation of
our expanded asset management service portfolio and increasing the number of used devices we
buy to recondition and resell.
This growth, should lead to increased profitability
in all markets during 2018.