http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.56Change: -0.01
R/$ = 12.25Change: -0.09
Au 1169.93 $/ozChange: -4.58
Pt 1087.50 $/ozChange: 8.00
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Letters Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Jul 18, 2012

Datatec year-end forecast remains on track despite market pressures

Back
Afina Group|Africa|Consulting|Environment|SECURITY|Triple AcceSSS IT|Africa|Europe|Latin America|North America|United States|Communication Technology|Product|Services|Solutions|Jens Montanana|Asia Pacific|Caribbean|North Africa
Africa|Consulting|Environment|SECURITY||Africa|||Services|Solutions||
afina-group|africa-company|consulting-company|environment|security|triple-accesss-it|africa|europe|latin-america|north-america|united-states|communication-technology-industry-term|product|services|solutions|jens-montanana|asia-pacific|caribbean|north-africa
© Reuse this



Despite a weakening economic environment slowing market growth, JSE- and LSE-listed Datatec on Wednesday said it expected the group’s trading and underlying earnings to continue improving.

The information and communication technology group noted that market conditions in the Asia Pacific and Latin America remained resilient, but continued to be dragged down by a slowing US economy and a weak European environment.

In its interim management statement, released on Wednesday, Datatec reported improved overall revenues across all divisions during the period from March 1 to June 30, compared with the comparative period the year before.

CEO Jens Montanana stated that, while subsidiaries Logicalis and Consulting Services performed relatively robustly during the period, Westcon’s lagging performance in developed markets, such as Europe and North America, placed pressure on overall gross margins.

“Although the outlook has become more uncertain, the defensive nature of our business model continues to be a strong asset," said Montanana, adding that its diversified business and global footprint enabled improved revenues and underlying earnings in a difficult environment.

Datatec has been aggressively pursuing acquisitions to “broaden and deepen” Westcon's product portfolio, add and enhance relationships and expand its footprint, particularly in Latin America, the Caribbean, Europe and North Africa.

The subsidiary recently bought Austrian value-added security distributor Triple AcceSSS IT and its Swiss subsidiary; Latin American and Iberian multinational security, virtualisation and data centre distributor Afina Group; and Indonesian value-added distributor of information security, networking and convergence solutions PT Netpoleon.

Datatec forecast revenues of between $5.5-billion and $5.8-billion for the year ended February 2013, as well as an estimated profit of $104-million, underlying earnings a share of about 55c and earnings and headline earnings a share of about 50c.

The group would release its interim results for the six months ending August 2012 in October.
 

Edited by: Mariaan Webb
Creamer Media Senior Researcher and Deputy Editor Online
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other ICT News
Updated 46 minutes ago Trade union Solidarity will approach the Labour Court to obtain an urgent interdict against the planned restructuring and retrenchments at State-owned telecommunications giant Telkom. “Telkom is disregarding an agreement on restructuring processes it had concluded...
Trade and Industry Deputy Minister Mzwandile Masina
Updated 4 hours ago The first leg of one of South Africa’s largest equity equivalent investment programmes (EEIP) aimed at bringing a research hub to the nation’s shores along with enterprise and deep skills development was officially implemented on Wednesday. The launch of an...
Updated 5 hours ago The Competition Commission has recommended that the Competition Tribunal approve, with conditions, Vodacom’s proposed R7-billion buy-out of Neotel. Post-merger, Vodacom would have sole control over Neotel, which would operate as a wholly owned subsidiary.   The...
More
 
 
Latest News
Updated 17 minutes ago Speciality chemicals group Lanxess on Wednesday appointed its South African CFO Ben Marais as country representative and MD. Marais, a qualified South African Chartered Accountant, completed his articles with international accounting firm Deloitte. Over the years, he...
Economic Development Minister Ebrahim Patel
Updated 35 minutes ago Some four years after the signing of the Local Procurement Accord, which sketches government’s intention to achieve a 75% localisation spend in the procurement of goods and services, Economic Development Minister Ebrahim Patel has described government’s greatest...
Updated 40 minutes ago National carrier South African Airways (SAA) and Air Mauritius have concluded an agreement that will see a broadening of their codeshare agreement to enhance greater connectivity between the continent, South Africa, Mauritius and other intercontinental routes. “The...
More
 
 
Recent Research Reports
Real Economy Year Book 2015 (PDF Report)
There are very few beacons of hope on South Africa’s economic horizon. Economic growth is weak, unemployment is rising, electricity supply is insufficient to meet demand and/or spur growth, with poor prospects for many of the commodities mined and exported. However,...
Real Economy Insight: Automotive 2015 (PDF Report)
Creamer Media’s Real Economy Year Book comprises separate reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, gold, iron-ore and platinum sectors.
Real Economy Insight: Water 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
Real Economy Insight: Construction 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
Real Economy Insight: Electricity 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
Real Economy Insight: Road and Rail 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
 
 
 
 
 
This Week's Magazine
JSE-listed Afrimat will make a cash offer to acquire the entire remaining issued share capital of subsidiary Infrasors that it does not already own.
TEAMWORK Aggreko Europe, Middle East & Africa MD David Taylor-Smith; Aggreko Zambia chairperson Dr. Sixtus Mulenga; Aggreko Africa MD James Shepherd
Temporary power generation services provider Aggreko announced earlier this month that it had appointed Dr Sixtus Mulenga as nonexecutive chairperson of Aggreko Zambia, a move it believed was integral to the ongoing expansion of its operations in Zambia and the rest...
Major global aircraft manufacturer Airbus Commercial Aircraft is maintaining a steady course. "I don't have any big news, good or bad," company President and CEO Fabrice Brégier told international aviation journalists in Toulouse, France, at the company’s recent...
MEASURING DEVICES Bosch has released a mobile app that enables the measurements made with measuring devices to be sent and used directly on the app for accuracy and on-site quoting
Industrial tool manufacturer Bosch has increased the compatibility of many batteries in its range of blue industrial power tools and has released mobile-device applications (apps) for users of the tools, says Bosch South Africa training manager Peter du Bruyn. Many...
The new Nissan Navara has been launched onto the global market, but Nissan South Africa (NSA) will only know in August whether the local Rosslyn plant will assemble the one-ton pickup. The NSA plant currently produces the old NP300 Hardbody one-ton bakkie, as well as...
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks
Subscribe Now for $96 Close
Subscribe Now for $96