Altron (AEL) FY23 – Results Snapshot

Diluted HEPS 28cps compared to 37cps LY. DHEPS from Continuing Operations decreased by 9.8% y-y from 51cps to 46cps.
Revenue improved by 19.3% y-y to R9 464m. Strong growth by each segment, particularly the Digital Transformation segment which grew by 25.9% y-y.
OPM improved by 60bps to 4.2%
Expenses increased by 19.0% y-y to R9 172m. Expense to sales decreased from 97.2% to 96.9%.
19cps final dividend declared.
Cashflow from operations improved by 33% y-y to R1.13bn.
Gross debt decreased by 9.1% y-y.