Sharenet Sites 
Sharenet Sites
Pre-close year end 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”)
Pre-close year end trading statement
Datatec, (“Datatec” or the “Group”, JSE and LSE: DTC), the international Information and
Communications Technology (“ICT”) group, is today publishing a trading statement for the
financial year ended 28 February 2014.
The Group’s estimates are:
• revenues will be in the range $5.6 - $5.8 billion (2013: $5.25 billion);
• profit after tax* $64 – $69 million (2013: $85 million);
• underlying earnings per share** 34 – 37 US cents (2013: 43.1 US cents);
• earnings per share* 28 – 31 US cents (2013: 40.8 US cents); and
• headline earnings per share* 30 – 33 US cents (2013: 40.8 US cents).
The Group expects to maintain its distribution to shareholders, via a final capital reduction
out of contributed tax capital in lieu of a dividend, at 9 US cents (2013: 9 US cents), making
a distribution of approximately 17 US cents per share in total for the year ended 28 February
2014, (2013: 17 US cents).
In the Interim Management Statement (“IMS”) on 15 January 2014, the Group indicated
that it might have to make a provision of up to $20 million relating to the recoverability of
certain assets in Westcon North America. The Group has now recovered more than half of
these legacy vendor claim assets. The balance has been written off, which has been
reflected in the above estimates.
Overall, Westcon's trading conditions remain unchanged since the IMS. Trading in Logicalis
has remained robust in all major markets and Analysys Mason has had another strong
performance.
The Group expects to release its full year results for the financial year ended 28 February
2014 on or about Wednesday 14 May 2014.
The financial information on which this statement is based has not been reviewed and
reported on by Datatec’s external auditors.
*The forecasts for profit after tax, earnings per share and headline earnings per share do
not take into account any fair value gains or losses on acquisition related financial
instruments (including put option liabilities), which are required under IFRS.
**Underlying earnings per share excludes goodwill and intangibles impairment, amortisation
of acquired intangible assets, acquisition-related adjustments, profit or loss on sale of assets
and businesses, fair value movements on acquisition related financial instruments and
unrealised foreign exchange movements.
Enquiries:
Datatec Limited (www.datatec.co.za)
Jens Montanana, Chief Executive Officer +44 (0) 1753 797118
Rob Evans – Chief Financial Officer +44 (0) 20 7395 9012
Wilna de Villiers – Group Marketing Manager +27 (0) 11 233 1013
Jefferies International Limited – Nominated Advisor and Broker
Nick Adams/Alex Collins +44 (0) 20 7029 8000
finnCap – Broker
Tom Jenkins/Henrik Persson +44 (0) 20 7220 0500
Instinctif Partners
Adrian Duffield/Kathy Gordon (UK) +44 (0) 20 7457 2020
Frederic Cornet (SA) +27 (0) 11 447 3030
Sandton
31 March 2014
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 31/03/2014 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
