In a year-end trading update, Datatec has said that it expects revenues for FY15 to increase to $6,4-billion from $5,69-billion last year, due mainly to strong growth in sales from its Westcon subsidiary.In a statement, the company says: “Westcon has continued its robust recovery over the previous year with strong growth in sales and market share gains, particularly in North America. Logicalis delivered a comparative and sequential improvement in the second half of FY15, leading to revenue and EBITDA growth year-over-year.”
Westcon accounts for about 75% of the group’s total revenue mix, and Logicalis about 24%.
“The Group expects to maintain its final distribution to shareholders at 9 US cents (2014: 9 US cents), aggregating to a total distribution of approximately 17 US cents per share for FY15 (2014: 17 US cents). This will again be a scrip distribution with cash dividend alternative,” Datatec says.
“The marked strengthening of the US Dollar on foreign exchange markets over recent months has had the effect of diminishing the contribution to the Group’s results from its operations denominated in other currencies.
Continued dollar strength will have an impact on the Group’s results for the year ending 28 February 2016.”
Datatec’s results for FY15 should be released on 13 May 2015.
