Chief executive Jens Montanana said the group delivered on the commitments set last year, resulting in a much improved financial and operational performance across all divisions.
“Logicalis produced strong results, despite emerging market currency headwinds, especially in its key Latin America region. Westcon International’s recovery is now established, having met the principal objectives around shared services and central cost reductions, with further improvements expected,” Montanana said.
Montanana added that building on the successful turnaround of financial year 2019, they were confident that their operations are well positioned to improve their performances further and support its group strategy.
The group yesterday reported underlying earnings per share of 6.6 US cents, (R0.85) recovering on last year’s loss of 17.2 US cents.