Datatec Ltd (OTCPK:DTTLY)
$ 4.1 0 (0%) Market Cap: 471.70 Mil Enterprise Value: 642.50 Mil PE Ratio: 5.51 PB Ratio: 0.96 GF Score: 79/100

Half Year 2023 Datatec Ltd Earnings Call Transcript

Oct 23, 2023 / 07:00AM GMT
Release Date Price: $4
Jens Peter Montanana
Datatec Limited - Founder, CEO & Executive Director

Good morning. Today, we will be covering our First Half Financial Year 2024 Results Ended August.

Just to look at the agenda, starting with a summary from myself. Then we will go through the detailed financial results presented by Ivan, the CFO. Then I will go through an operational review of the divisions. And finally, I will close with some forward-looking remarks.

Summary. I'm on Slide 4. We had solid revenue growth of 15% and even better gross profit growth as the contribution rose 24%. This strong revenue growth, combined with healthy expansion in margins, drove EBITDA up $23 million or by 39% to $81 million. The leverage further down the income statement resulted in underlying earnings per share from continuing operations jumping more than fourfold to $0.096 per share.

Slide 5. The main features of our H1 performance were the ongoing strength in results from Westcon, a solid performance from Logicalis International and a turnaround in Logicalis LATAM. We had good operating cash flows from all

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