3 Step IT’s revenues have increased 14% in 2017, reaching €609m (£535m).

This brought earnings before interest and tax to €28m, a 19% growth on 2016.

The company also pointed to a 29% rise in the volumes of its remarketing operations, which reached 425,000 devices.

Carmene Ene, chief executive officer, said: “This is another step on our path for growth. Our success comes from a continuously improving offering combined with a relentless customer focus. It’s customers’ search for a better way to acquire information technology that has fuelled demand for our services.”

“Sustainable IT replacement is more important than ever and we are proud of the fact that we resell over 98% of returned devices. The circular economy is at the heart of our business, and it’s been satisfying to see our work to make the circular economy a reality, recognised in many different arenas during the year”.

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