To view the PDF file, sign up for a MySharenet subscription.

DATATEC LIMITED - Trading Statement for the year ended 28 February 2025

Release Date: 07/05/2025 08:00
Code(s): DTC     PDF:  
Wrap Text
Trading Statement 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 "the Company" or "the Group")

TRADING STATEMENT FOR THE YEAR ENDED 28 FEBRUARY 2025

Datatec, the international Information and Communications Technology (ICT) company, is
publishing a trading statement for the financial year ended 28 February 2025 ("FY25"). The
comparative year ended 29 February 2024 is referred to as FY24 in this announcement.

As announced on 27 March 2025, both Westcon International and Logicalis International
continued to deliver an excellent financial performance during the second half of FY25. In
addition, Logicalis Latin America delivered an overall increase in financial performance for
FY25 when compared to FY24, despite generating lower gross profits.

As announced on 7 October 2024, following a review of peer reporting and to more closely
align the definition of underlying* earnings per share to the Group's Adjusted EBITDA** metric,
the Group decided not to exclude unrealised foreign exchange gains or losses from underlying*
earnings from FY25 onwards. Investors should note that the comparative figure for underlying*
earnings per share (which is a non-IFRS earnings measure) for FY24 has been recalculated
in accordance with the revised definition set out below.

In terms of paragraph 3.4(b)(i) of the JSE Limited Listings Requirements, companies are
required to publish a trading statement as soon as they are satisfied that a reasonable degree
of certainty exists that the financial results for the period to be reported on next will differ by at
least 20% from the previous corresponding reporting period.

The preparation of the FY25 results has reached the stage where the Group has such a
reasonable degree of certainty and advises shareholders as follows:

•   Underlying* earnings per share is expected to be between 30.0 and 31.0 US cents (FY24
    recalculated: 17.1 US cents), being 12.9 to 13.9 US cents or 75.4% to 81.3% higher than
    FY24;

•   Headline earnings per share is expected to be between 25.0 and 26.0 US cents (FY24:
    14.2 US cents), being 10.8 to 11.8 US cents or 76.1% to 83.1% higher than FY24;

•   Earnings per share is expected to be between 25.0 and 26.0 US cents (FY24: 20.4 US
    cents), being 4.6 to 5.6 US cents (22.5% to 27.5%) higher than FY24.

The financial information on which this trading statement is based has not been reviewed nor
reported on by the Group's external auditors.

The Company intends to release its FY25 results on SENS on or about 27 May 2025.



* underlying earnings per share excludes the following: impairments of goodwill and intangible
assets, profit or loss on sale of investments and assets, amortisation of acquired intangible
assets, acquisition-related adjustments, fair value movements on acquisition-related financial
instruments, restructuring costs relating to fundamental reorganisations, one-off tax items
impacting EBITDA, costs relating to acquisitions, integration and corporate actions and the
taxation effect of all of the aforementioned.

** Adjusted EBITDA excludes restructuring costs, share-based payments, one-off tax items
impacting EBITDA and acquisition, integration and corporate actions costs.

Johannesburg
7 May 2025

Sponsor
Pallidus Exchange Services Proprietary Limited

Date: 07-05-2025 08:00:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.