International ICT company Datatec expects its full-year earnings to rise more than 50%, led by strong performances from Westcon International and Logicalis International.
The group said on Thursday that HEPS for the year to end-February is expected to be between 38.5 US cents and 40.5c, 51%-58.8% higher than a year ago.
The group said Westcon International continued to deliver a very strong financial performance during the second half, while Logicalis International delivered an “exceptional performance”.
Logicalis Latin America had a slight improvement in gross profit and its overall financial performance continued to improve, it said.
Underlying EPS, which excludes impairment of goodwill and intangible assets, acquisition-related adjustments and one-off tax items affecting earnings before interest, tax, depreciation and amortisation (ebitda), among other things, is expected to be between 47c and 49c, or 31.7%-37.3% higher than the previous year.
Datatec has been on an acquisition spree, recently concluding its third deal this year.
In March, it acquired NetworkedAssets, a specialist in software development, network automation and observability solutions, giving it a footprint in Poland.
This follows Datatec’s subsidiary Logicalis USA’s acquisition of 100% of Maple Woods Enterprises, a long-term security partner.
That acquisition came days after Datatec expanded in the Balkans with the acquisition of Real Security, a value-added cybersecurity distributor headquartered in Maribor, Slovenia.
Datatec will release its earnings on May 26.
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