Datatec (DTC) FY24 – Results Snapshot

Diluted HEPS from combined operations 13.7cps (USD) compared to -9.3cps LY. Diluted HEPS from continuing operations up from -10.8cps to 13.7cps.
Revenue from continuing operations increased by 6.1% y-y to $5 458m, driven by Westcon International and a recovery from Logicalis Latin America.
GPM increased by 130bps to 15.8%.
OPM improved from 0.4% to 2.1%.
Expenses increased by 2.7% y-y to $746m, while expenses to sales fell by 40bps to 13.7%.
Dividend of 7 USD cents (130 ZAR cents).
Gross debt increased by 4.5% y-y to $441m.
Cash from operating activities decreased by 15.9% y-y to $93m.