DATATEC LIMITED - Trading Update for the year ended 28 February 2023
Trading Update for the year ended 28 February 2023
Datatec Limited
Incorporated in the Republic of South Africa)
Registration number: 1994/005004/06)
ISIN: ZAE000017745
Share Code: DTC
("Datatec" or “Group”)
TRADING UPDATE FOR THE YEAR ENDED 28 FEBRUARY 2023
Datatec, an international Information and Communications Technology (ICT)
company, today provides a trading update for the year ended 28 February
2023 (“FY23”). Comparative references are made to the year ended 28
February 2022 (“FY22”)*.
The Group continued to deliver a strong operational performance during the
second half of FY23 benefiting from secular technology trends for
networking and cyber security.
Group revenue for FY23 is expected to be approximately US$5.16 billion
(FY22*: US$4.55 billion), representing a year over year increase of 13%.
Approximate divisional revenues for FY23 are expected to be as follows:
Revenue FY23 FY22 increase /
(decrease)
US$ million US$ million %
Westcon International 3,420 2,890 18
Logicalis International 1,250 1,133 10
Logicalis Latin America 490 523 (6)
Westcon International delivered an excellent financial performance during
the year. Logicalis International had a consistent performance, whilst
Logicalis Latin America had a notably improved second half compared to the
first half, with signs of supply chain improvement materialising although
backlog remains elevated.
The financial information on which this trading update is based has not
been reviewed nor reported on by the Group’s external auditors.
The Group intends to release its FY23 results on SENS on or about 23 May
2023.
*FY22 results have been represented to show only continuing operations
following the disposal of Analysys Mason on 27 September 2022
Johannesburg
27 March 2023
Sponsor
Pallidus Exchange Services Proprietary Limited
Date: 27-03-2023 08:00:00
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