Financial Reporting

Altron delivers resilient annual results despite tough economic conditions

Today the Altron Group reported resilient annual results for the 12-month period ended 28 February 2023. Despite increasingly tough trading conditions, Altron’s ability to deliver double-digit revenue growth is evidence of the Group’s strong annuity and defensive earnings base. Results for continuing operations were negatively impacted by non-cash provisions, relating to the City of Tshwane exposure and for excess inventory held in relation to the Gauteng Broadband Network contract which was not renewed.

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Altron delivers solid results in a tough environment

16th May 2022

JSE-listed technology company Altron has announced its financial results for the year to February 2022, during which both revenue and operating income gained. Revenue grew 5.7% to R7.9 billion while operating income grew in the double digits at 34.2% to R498 million compared to the previous year, following several key wins during the year.

Headline earnings per share gained 37.8% to 51c a share while normalised headline earnings per share gained 82.9% to 75c a share. Altron declared a dividend of 30c per share an increase of 100% year on year (excluding the impact of the Bytes UK’s performance within the comparative period).

Altron unlocks shareholder value by 152% despite tough environment

17th May 2021

JSE-listed technology company Altron has announced its financial results for the year to end February. The company saw invoiced income gain four percent to R7.7 billion, while cash from operations grew 31% to R2.2 billion. Shareholder value was unlocked by 152% from a share price of R20.19 to a share value of R50.80.

The Group said earnings before interest, tax, depreciation, and amortisation (EBITDA) declined 8% to R1 billion. The operating free cash flow of R612 million increased by more than 600%. Cash generated from operations was up 31% to R2.2 billion while headline earnings per share (HEPS) declined 18% to 31c a share. A dividend of 15 cents per share was declared.

Altron boosts EBITDA 14 percent as revenue gains six percent

14th May 2020

JSE-listed technology company Altron has announced an increase in EBITDA of 14% to R1.8 billion in the year to end February, while revenue increased 6% to R16.7 billion during the same period.

Headline earnings per share from continuing operations were up 2% to 182 cents while basic earnings per share increased by 4% to 184 cents.

Altron posts strong results with revenue up 30% as group surges ahead of plan

9th May 2019

Johannesburg, 9 May 2019 – JSE-listed Altron has announced today that it is tracking almost a year ahead of its goal of doubling EBITDA by year-end 2022. The technology company saw gross revenue increase by 30 percent to R19.2 billion and normalised EBITDA by 24 percent to R1.6 billion from its continuing operations.

Altrons sees positive results from new strategic direction

19th Oct 2016

JSE listed Allied Electronics Corporation Limited (Altron) today announced its interim results for the six-month period ended 31 August 2016. As part of Altron’s strategy to refocus the group on its core information technology and telecommunications assets and to provide shareholders with insight into the performance of core and non-core operations within the Altron group, the interim financial results have been split between continuing and discontinued operations.

Altron interim results confirm strong market position

JSE-listed technology company Altron has posted its interim results for the six months ending August 2022, which demonstrate that the company performed well in a competitive industry despite South Africa’s economic challenges.

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Altron delivers solid results in a tough environment

JSE-listed technology company Altron has announced its financial results for the year to February 2022, during which both revenue and operating income gained. Revenue grew 5.7% to R7.9 billion while operating income grew in the double digits at 34.2% to R498 million compared to the previous year, following several key wins during the year.

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Altron delivers solid performance in challenging environment

25 October 2021, Johannesburg – JSE-listed technology company Altron has announced its interim results for the six months ended 31 August 2021, which saw revenue up by two percent to R3.5 billion. The company saw cash generated from operations up 79% to R527 million and an interim dividend of seven cents per share declared.

Headline earnings per share increased 238% to 11 cents per share, while operating free cash flow of R81 million was up by more than 742%.

Altron boosts Continuing Operations interim EBITDA by 17 percent as revenue jumps 14 percent

22nd Oct 2020

Johannesburg, 22 October 2020 – JSE-listed technology company Altron has announced an increase in Continuing Operations EBITDA of 17% to R883 million for the first half of the year through to August 31, while revenue increased 14% to R8.4 billion.
Headline earnings per share from continuing operations were up 28% to 83 cents while basic earnings per share increased by 27% to 85 cents.

Altron delivers solid results in a tough South African economy

Johannesburg, 24 October 2019

JSE-listed technology company Altron has announced its half-year financial results, which saw the Group grow revenue from continuing operations by 8% to R8.5 billion, while EBITDA gained 19% to R803 million.

Altron remains on track to achieve its five-year goal of doubling EBITDA by 2021. Headline earnings per share from continuing operations were up 4% and an interim dividend of 29 cents per share was declared.

Altron revenue up 44% and resumes dividend payments

25th Oct 2018

Johannesburg – 25 October 2018. JSE-listed Allied Electronics Corporation Limited (Altron) today announced that it has continued to deliver on its growth plans, reduced debt levels, and completed the divestment of non-core assets. The ICT company saw EBITDA increase by 16% and revenue by 44%.

Altron delivers growth in turbulent times

26th Oct 2017

During the past six months the continuing operations of JSE-listed Allied Electronics Corporation Limited (Altron) presented a significantly improved performance with a 5%* increase in revenue to R6.8 billion and a 19%* increase in EBITDA to R501million. This growth was driven by the performance of the Groups international operations.

Altrons sees positive results from new strategic direction

19th Oct 2016

JSE listed Allied Electronics Corporation Limited (Altron) today announced its interim results for the six-month period ended 31 August 2016. As part of Altron’s strategy to refocus the group on its core information technology and telecommunications assets and to provide shareholders with insight into the performance of core and non-core operations within the Altron group, the interim financial results have been split between continuing and discontinued operations.