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Altron in the News

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

Altron tracking almost a year ahead of its global of doubling EBITDA by year-end 2022 – CFO South Africa

CEO Mteto Nyati says the results were underpinned by wins in the private and public sectors. Altron announced their financial results for the year ended February 2019 on 9 May. 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 … Read More

Altron launches emotionally charged new commercial – Financial Mail

Altron’s new television commercial uses an emotional storytelling technique to illustrate the extent to which technology has become pervasive in our lives. The problem with many brands in the information technology space is that they battle to connect with the consumer. One technology company that is consciously trying to engage with consumers is JSE-listed Altron, … Read More

Altron Humanises Tech In A New TV Commercial – Tech Financials

JSE-listed Altron is bringing its brand promise ‘there when it matters’ to life with a television commercial which details the intricate relationship between human beings and technology. The film takes the viewer through the life stages of a young girl called Lerato, showcasing how technology is so intertwined with our everyday lives that it is … Read More

Altron appoints new executive – Business Report

JOHANNESBURG – Johannesburg Stock Exchange-listed technology company Altron on Monday announced the appointment of Sayeeda Khan as Group Executive Risk and Compliance. “We see corporate governance, positive control posture and compliance as a critical foundation for our growth strategy. It is for this reason that we have chosen to elevate the risk management and complianc … Read More

Altron appoints Sayeeda Khan as Group Executive Risk and Compliance – ITWeb Africa

Johannesburg Stock Exchange-listed technology company Altron on Monday announced the appointment of Sayeeda Khan as Group Executive of Risk and Compliance. Altron Group Chief Executive Mteto Nyati: “We see corporate governance, positive control posture and compliance as a critical foundation for our growth strategy. It is for this reason that we have chosen to eleva … Read More