| Thu 14 Feb 2008, 9:00 | | DDT - Dimension Data Holdings Plc - Interim management statement |
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DDT
DIDDT
DDT - Dimension Data Holdings Plc - Interim management statement
Dimension Data Holdings Plc
Incorporated in Great Britain under the Companies Act 1985
Registration Number: 3704278
Share Code: DDT
Issuer code: DIDDT
ISIN number: GB0008435405
("the Company")
Interim Management Statement
Dimension Data Holdings plc, ("Dimension Data" or the "Group", LSE and JSE:
DDT), the specialist global IT services and solution provider, today publishes
its first interim management statement* (IMS), covering the trading period from
1 October 2007 to 14 February 2008 (the relevant period).
Material Events and transactions
Dimension Data`s financial position remains solid and there have been no
material events or transactions which have affected the Group over the relevant
period.
Financial Performance
During the relevant period Dimension Data has continued to experience good
demand. Revenues and profitability improved in all regions and across all lines
of business compared to the same period in the previous year. The Group`s
operating margin has improved year-on-year, evidencing continued operating
leverage.
Financial Position
Dimension Data remains in a strong financial position with no significant
changes to the balance sheet or equity structure since the publication of our
results for the year ended 30 September 2007.
A dividend of 1.5 US cents a share was approved at the Group`s Annual General
Meeting on 30 January 2008 and will be paid on 14 March 2008.
Outlook
Despite global economic uncertainties, the outlook for the Group for the six
months period to 31 March 2008 remains favourable. We continue to experience
solid demand, with growth rates, as anticipated at the time of our annual
results, somewhat slower than those achieved last year. Our managed service
offerings, broad client base and exposure to diverse geographic markets underpin
our confidence in a healthy first half performance.
The underlying macro industry trends, including the ongoing refresh cycle in
networking, the adoption of IP-based IT infrastructure, the emergence of unified
communications, the trend to multi-sourcing, and the deregulation and expansion
of telecommunications remain significant opportunities for the Group. Supported
by a strong balance sheet and ongoing investment, Dimension Data is well
positioned to capitalize on these opportunities.
Interim results
The Group is scheduled to release its interim results for the six months to 31
March 2008 on Wednesday 14 May 2008.
The financial information on which this statement is based has not been reviewed
or reported on by the Group`s auditors.
* The Disclosure and Transparency Rules (DTR) incorporated into the UK Listing
Authority`s rulebook in 2006 have extended the requirements for periodic
financial reporting, with the introduction of a new type of report, the Interim
Management Statement, to be issued twice a year, one in each six month period.
Investor Relations enquiries:
Karen Cramer, +(44) 793 202 0296, +(44) 20 7651 7017
karen.cramer@uk.didata.com
Kevin Handelsman, +(27) 82 453 9945, +(27) 11 575 3632
kevin.handelsman@za.didata.com
Press enquiries:
Hilary King +(27) 82 414 9623, +(27) 11 575 6728
hilary.king@za.didata.com
Note to Editors
Dimension Data (LSE: DDT), a specialist IT services and solution provider, helps
clients plan, build, support and manage their IT infrastructures. Dimension
Data applies its expertise in networking, security, operating environments,
storage and contact centre technologies and its unique skills in consulting,
integration and managed services to create customised client solutions.
14 February 2008
Sponsor
Merrill Lynch
Date: 14/02/2008 09:00:01 Produced by the JSE SENS Department.
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