Altron (AEL) 1H24 – Results Snapshot

Diluted HEPS -62cps compared to 34cps LY. DHEPS from Continuing Operations increased by 19.0% y-y from 42cps to 50cps.
Revenue improved from R4 150m (restated) to R4 321m, driven by the Digital Transformation and Own Platform segments. Managed Services revenue declined by 19.6% y-y.
OPM improved from 14.0% to 16.4%
Expenses increased by 1.3% y-y to R3 614m. Expense to sales decreased from 86.0% to 83.6%.
Dividend of 25cps.
Cashflow from operations increased by 26.4% y-y to R488m.
Gross debt flat at R853m.