DATATEC LIMITED - Trading update for the year ended 28 February 2025
Trading update for the year ended 28 February 2025
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 2025
Datatec, the international Information and Communications Technology (ICT)
company, today provides a trading update for the year ended 28 February 2025
("FY25"). Comparative references are made to the year ended 29 February 2024
("FY24").
The Group built on the strong operational performance reported for the first
half of FY25 and continued to benefit from demand for the Group's technology
solutions and services, especially in the areas of cyber security and hybrid
cloud infrastructure.
Group gross profit for FY25 is expected to be approximately US$910 million
(FY24: US$862 million), representing a year-on-year increase of 6%. As
indicated in the results announcement for the 6 months ended 31 August 2024
and published on 24 October 2024, reported revenues continue to be impacted
as an increasing proportion of software and services is accounted for on a
net* basis, which affects comparability with prior periods. Consequently,
the Board believes that gross profit offers a more accurate reflection of
the underlying performance of the business.
Divisional gross profits for FY25 are expected to be as follows:
Gross profit FY25 FY24 increase /
(decrease)
US$ US$
million million %
Westcon International 441 403 9%
Logicalis International 357 339 5%
Logicalis Latin America 104 118 (12%)
Corporate and Management 8 2 -
Consulting
Total gross profit 910 862 6%
Both Westcon International and Logicalis International continued to deliver
an excellent financial performance during the second half of FY25. Although
Logicalis Latin America's gross profits have declined compared to FY24, the
overall financial performance for the division in FY25 is significantly
better than that of FY24.
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 FY25 results on SENS on or about 27 May
2025.
Johannesburg
27 March 2025
Sponsor
Pallidus Exchange Services Proprietary Limited
*Revenue from sales arrangements where the Group acts as agent is
recognised on a net basis and the commission or gross profit earned on
these contracts is recognised as revenue. Where the Group is deemed to be
acting as a principal, revenue is recognised on a gross basis.
Date: 27-03-2025 08:00:00
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