DATATEC LIMITED - Trading statement
14 May 2020 8:01
Trading statement: 
Trading statement

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


Datatec, the international Information and Communications Technology (ICT) company, is
publishing a trading statement for the financial year ended 29 February 2020 ("FY20").

Shareholders are referred to the Group’s business and Covid-19 update announcement
released on the Stock Exchange News Service ("SENS") on 20 March 2020.

In terms of paragraph 3.4(b)(i) of the JSE Limited Listings Requirements, companies are
required to publish a trading statement as soon as they are satisfied that a reasonable
degree of certainty exists that the financial results for the period to be reported on next will
differ by at least 20% from the previous corresponding reporting period ("FY19").

The preparation of the FY20 results has reached the stage where the Group has such a
reasonable degree of certainty and Datatec now expects that for FY20 all earnings per share
metrics will be more than 20% higher than the reported earnings for FY19:

-      Underlying* earnings per share is expected to be between 9.5 and 10.5 US cents
       (FY19: 6.6 US cents), being 2.9 to 3.9 US cents (44% to 59%) higher than FY19;

-      Headline earnings per share is expected to be between 5.5 and 6.5 US cents (FY19:
       0.7 US cents) being 4.8 to 5.8 US cents, or more than 100%, higher than FY19;

-      Earnings per share is expected to be between 6.5 and 7.5 US cents (FY19: 5.5 US
       cents) being 1.0 to 2.0 US cents (18% to 36%) higher than FY19.

The year over year increase in earnings per share is as a result of improved financial
performance in all of the Group’s divisions.

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

The Company intends to release its FY20 results on SENS on or about 27 May 2020.

* underlying earnings per share excludes impairments of goodwill and intangible assets, profit or
loss on sale of investments and assets, amortisation of acquired intangible assets, unrealised
foreign exchange movements, acquisition-related adjustments, fair value movements on
acquisition-related financial instruments, restructuring costs relating to fundamental
reorganisations and the taxation effect of all of the aforementioned.

14 May 2020

RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 14-05-2020 08:00:00
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