DATATEC LIMITED - Business & COVID-19 update
20 March 2020 8:00
Business & COVID-19 update: 
Business & COVID-19 update

Datatec Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1994/005004/06)
ISIN: ZAE000017745
Share Code: DTC
("Datatec" or “the Group”)


Datatec, the international Information and Communications Technology (ICT) group, is today
publishing a business update for the year ended 29 February 2020 (“FY20”), as well as the first few
weeks of trading for the financial year ending 28 February 2021 (“FY21”).

The COVID-19 virus (“coronavirus”) outbreak has very rapidly spread across the globe in recent
weeks and into every region where the Datatec Group operates. We are continuing to take
appropriate action to ensure the safety of all our employees and customers, in addition to following
the World Health Organization and local country and government guidelines.

FY20 update:

Datatec is in the process of finalising its results for FY20.

Datatec had a solid FY20 financial performance in all of its divisions. The turnaround in Westcon
International continued, with a substantial improvement in profitability over the financial year
ended 28 February 2019 (“FY19”). Logicalis is also expected to produce a strong result, especially in
its Latin America region. Analysys Mason had another growth year with much improved profitability.
The Group’s balance sheet remains strong and is expected to report a reduction in net debt at
February FY20, compared to net debt at 31 August 2019 (“H1 FY20”).

FY21 update:

For the first few weeks of FY21 to date, order intake for Westcon has been ahead of this time last
year while in Logicalis, order intake for March is expected to be ahead of March last year. So far we
have experienced limited supply chain interruptions. We are seeing increased demand for our
remote access computing, security and collaboration networking solutions.

We have closed a number of offices and encourage most of our employees to work remotely where
possible. Datatec is promoting social distancing and has restricted business travel. Across the Group,
employees are equipped with the necessary technological tools to work effectively from home. Our
warehouses are still functioning with new protocols for care and safety of our people.

The full impact of the coronavirus on our business remains unclear at this stage.

The forecast financial information on which this statement is based has not been reviewed nor
reported on by the Group’s external auditors.

20 March 2020

RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 20-03-2020 08:00:00
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