Altron in the News

Toyota, Altron, Vodacom Collaborate to Enable in-Car WiFi

Toyota South Africa has teamed up with Altron and Vodacom Business, to roll-out connectivity features and in-car Wi-Fi on all new Toyota and Lexus models. Known as Toyota Connect, the new connectivity hub will be housed within the MyToyota App which was launched in 2014. The technology allows Toyota owners access to a myriad of … Read More

Watch: Altron shoots the lights out of its revenue target – CNBC Africa

Technology Company Altron has seen good growth in the past year. It’s achieved an increase in HEPS by 50 per cent and EBITDA from continuing operations increased by 30 per cent to R1.6 billion. All eyes are on Altron not only because of its results but also because of EOH losing the Microsoft licensing contracts. … Read More

Altron turnaround gathers steam – Moneyweb

The turnaround at Altron is gathering steam, with the formerly Venter family-controlled business now led by CEO Mteto Nyati reporting a 50% improvement in full-year headline earnings per share from continuing operations. The results, for the year ended February 28, showed normalised earnings before interest, tax, deprecation and amortisation, also from continuing operations, rising 24% … Read More

Altron posts R19,2Bn revenue – IT Web

JSE-listed Altron saw gross revenue increase by 30% to R19.2 billion and normalised earnings before interest, tax, depreciation and amortisation (EBITDA) by 24% to R1.6 billion from its continuing operations. The technology company today presented its financial results for the year-ended February. Altron also announced it is tracking almost a year ahead of its goa … Read More

Altron outperforms with strong full-year results – Tech Central

The turnaround at Altron is gathering steam, with the formerly Venter family-controlled business now led by CEO Mteto Nyati reporting a 50% improvement in full-year headline earnings per share from continuing operations. The results, for the year ended 28 February 2019, showed normalised earnings before interest, tax, deprecation and amortisation, also from continuing operations, rising … Read More

Altron says turnaround is ‘complete’ as earnings surge – Business Live

Altron’s turnaround is complete, CEO Mteto Nyati said on Thursday after the technology group said full-year earnings rose about a quarter. Once a JSE top-40 stalwart, Altron lost favour with investors after a series of strategy blunders. Managerial missteps under founder Bill Venter’s heirs, Robbie and Craig, eventually drove Altron, and its one-time listed subsidiary … Read More

Altron profit soars on key contract wins – Business Tech

Altron on Thursday (9 May), reported strong revenue growth for the year ended February 2019, despite the ongoing challenging economy. Diluted headline earnings per share from total operations climbed 58% 191 cents per share, while normalised HEPS from continuing operations was up 36% The group delivered a 36% increase in operating profit, to R1.015 billion, … Read More

Altron continues on growth trajectory – IT Online

Allied Electronics (Altron) has reported improved financial results for the year ended 28 February 2019. Revenue from continuing operations increased by 7% to R15,7-billion; EBITDA from continuing operations increased by 30% to R1,6-billion; HEPS from continuing operations increased by 50% to 179 cents; ROCE from continuing operations was at 20%; and a final dividend of … Read More