Diluted HEPS 24.7cps (USD) compared to 13.7cps LY.
Revenue decreased by 8.8% y-y from $3 992m (restated) to $3 640m. Westcon International is now considered an agent and caused a change in accounting policy. As a result, the prior year results were restated.
GPM increased from 21.6% to 25.0%. The increase in GPM is largely due to changes in the revenue mix, contributing to a significant gross profit increase in Westcon International and Logicalis International.
OPM improved from 2.9% to 4.4%.
Expenses increased by 0.7% y-y to $751m, while expenses-to-sales increased from 18.7% to 20.6%.
Dividend of 15 USD cents (FY24: 7 USD cents).
Gross debt decreased 22.0% y-y to $344m.
Cash from operating activities increased from $93m to $190m.
