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DATATEC LIMITED - Trading update for the six months ended 31 August 2021

Release Date: 15/09/2021 08:00
Code(s): DTC     PDF:  
Wrap Text
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 SIX MONTHS ENDED 31 AUGUST 2021
Datatec, an international Information and Communications Technology (ICT) company, today provides a trading update for the six months ended 31 August 2021 (?H1 FY22?). Comparative references are made to the six months ended 31 August 2020 (?H1 FY21?).
The Group achieved a strong operational performance during H1 FY22 as it continued to benefit from remote working, increased cloud usage and secured networking trends. Group revenue is expected to be approximately US$2.255 billion (H1 FY21: US$1.963 billion*), representing a year over year increase of 15%.
All divisions performed well, with approximate revenues per division expected to be as follows:
Revenue H1 FY22 H1 FY21
(restated*)
US$ million US$ million % increase Logicalis 822 693 19% Westcon International 1,390 1,238 12% Analysys Mason 43 32 34%
Revenues would have been higher if not for the global semiconductor
shortage which has created extended lead times on certain product hardware deliveries in H1 FY22. As a result, closing backlog (sales orders waiting to be fulfilled) grew significantly in both the Logicalis and Westcon International divisions.
The financial information on which this trading update is based has not been reviewed nor reported on by the Group?s external auditors.
The Company intends to release its H1 FY22 results on SENS on or about 28 October 2021.
*H1 FY21 revenues were restated as detailed in the FY21 results published on 25 May 2021. Johannesburg 15 September 2021 Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 15-09-2021 08:00:00
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