“In the financial year under review, we secured key wins in both the private and public sector,” Altron said. These included, among others, the Gauteng Broadband Network Phase 2 contract, secured by Altron Nexus.<\/p>\n
“Altron CyberTech was\u00a0 awarded the Gautrain management agency tender, Altron Bytes Systems Integration was awarded a data and analytics contract by FNB, and Netstar won a three-year contract from the eThekwini Municipality for the supply, integration and maintenance of a vehicle tracking technology solution for 7,000 vehicles.<\/p>\n
The disposal of the remaining material non-core businesses and assets of the group has been successfully concluded, the group said.<\/p>\n
Bytes UK grew revenue by 5% and EBITDA by 79% to R368 million. The performance of the business was positively impacted by the inclusion of Phoenix Software for the full year -acquired in the second half of the previous financial year. The business is set to grow further, following the five-year, GBP155 million (circa R2.7 billion) NHS contract, secured during the year, it said.<\/p>\n
Altron Nexus produced positive results for the year, with revenue largely in line with the prior year, while growing EBITDA by 54% to R123 million, Altron said.<\/p>\n
Fintech<\/strong><\/p>\n Altron Bytes Secure Transaction Solutions grew revenue by 6% and EBITDA by 14% to R289 million, driven by further improved EBITDA margins of 25% and a number of new contracts secured during the year, the group said.<\/p>\n Smart IoT<\/strong><\/p>\n Netstar, inclusive of its Australian operations, showed continued improvements in its performance, it said. The business reported a 10% increase in revenue and 19% improvement in EBITDA to R582 million against the prior year.<\/p>\n “Netstar further improved the growth in its subscriber base, particularly in stolen vehicle recovery (SVR), with churn and retentions under close control, improving by 6%.<\/p>\n “During the second half of the year, Netstar re-evaluated its ground recovery suppliers in SVR. Through a formal process, managed by Deloitte, Netstar effected a change in its service providers in this space to ensure enhanced services, while having a lower cost of delivery going into FY20.”<\/p>\n Managed service<\/strong><\/p>\n Altron Bytes Document Solutions saw revenue improve by 11% and EBITDA increase by 10% to R77 million compared to the prior year. “This is testament to the successful efforts by the business of gaining market share in a declining market,” Altron said.<\/p>\n “Strategically the business remains focused on selected growth areas, including managed print services and the high-end production environment. BDS’ growth strategy of driving cross-selling of Altron’s various offerings into its extensive base of more than 4,500 customers remains on course.”<\/p>\n Altron Bytes Managed Solutions reported revenue and EBITDA increase of 14% and 5% year-on-year, respectively. “In a highly competitive market, BMS is focused on quality of service while closely managing its cost base and maintaining its drive to enhance annuity income.<\/p>\n “Further improvement in the performance of BMS are being driven by the ongoing diversification of its offerings, including a focus on growing into retail and end-user computing,” Altron said.<\/p>\n Shares in the group have grown in-line with the group’s financial recovery over the past year.<\/p>\n
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