Diversification buoys Datatec

Diversification buoys Datatec

Dual-listed Datatec’s second-half results for the six months to February are expected to be a half-on-half and year-on-year improvement.


The company yesterday released an interim management statement for the four months between September and December. It said its forecast of revenue of about $5 billion, compared with previous full-year turnover of $4.3 billion, remained unchanged.

Datatec says its trading and profitability continue to improve. Its anticipated increased results are “despite the current backdrop of poor economic data, sovereign indebtedness issues and continuing weak consumer markets in many of the group’s markets”.

CEO Jens Montanana says: “Datatec’s global reach and diversity are continuing to help insulate us against the poor economic backdrop of many of the world’s economies. Latin America and Asia Pacific remain the best performing markets, while the group’s operations continue to perform well in challenging trading conditions in North America and Europe.”

The firm notes: “There have been recent signs of recovery in some of the group’s US operations.” It adds the “exceptional performance” previously reported in South America has continued, while Asia Pacific is performing well.