top of page
Writer's pictureAdam Strydom

13% Growth Despite Supply Chain Constraints

Datatec Limited's management has released FY22 revenue figures. Group revenue is expected to have risen c 13% y-o-y to US$4.65bn (FY21: US$4.11bn), implying H222 revenues of US$2.39bn with 11% growth y-o-y, continuing the impressive growth seen in H122 (15% growth y-o-y). Given the continuing global strength of demand for technology solutions, underpinned by a steady unwinding of the record backlog seen in FY22 from H223, it is hard not to be optimistic about the group’s prospects for FY23/24, despite continuing economic and geopolitical uncertainties. Datatec currently trades on 3.8x Edison Group's FY22 EV/EBITDA, which Edison feels does not recognise the group’s trajectory. Datatec is a South Africa-listed multinational ICT business, serving clients globally, predominantly in the networking and telecoms sectors.





2 views0 comments

Recent Posts

See All

Comments


bottom of page