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Datatec reports improved year-end revenues

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Datatec has reported group revenue up 13,3% to $6,4-billion for the year ended 28 February 2015.
The group had gross profit of $932,9-million, with EBITDA up 17,7% to $206,4-million. Underlying earnings per share were up 17,1% to 41,8 US cents and scrip distribution with cash dividend alternative maintained at 17 US cents per share for the full year.

During the year, there was a strong recovery in Westcon’s performance, while Logicalis improved in the second half of FY15 and there were better operating margins across all divisions.

The group is seeing continued growth in networking, mobile communications, security and ICT infrastructure managed services. The dollar strength expected to hinder growth in some markets and increase relative contribution from
the US.

During the current year, the group will continue to focus on improving operational efficiency.

Jens Montanana, chief executive of Datatec, comments: “Our revenue growth continued this year, driven by a strong recovery in sales and market share at Westcon. Logicalis delivered an improvement in the second half, leading to profitable growth year-over-year. We are also pleased with the improved operating efficiency across all divisions.

“We have maintained our dividend over the past three years despite volatile earnings and have delivered long-term sustainable returns to shareholders.

“We expect our diverse operating portfolio to continue to deliver revenue growth, as Logicalis adapts its capabilities to address cloud-based infrastructure opportunities and Westcon increases its momentum with global vendors.”