JSE-listed Altron on Monday published a voluntary trading and operational performance update covering the five months to July 31, revealing performance that has been broadly in line with management expectations.
The group’s Platforms segment, Altron’s growth engine, delivered high-single-digit revenue growth, while its IT Services segment delivered modest revenue growth, a notable improvement on the prior comparative period when revenue declined, resulting in overall growth in revenue from continuing operations in the low single digits.
“This result marks a meaningful inflection point in the group's growth trajectory and the strategic portfolio transformation undertaken over the past three years: Altron's evolution into a multi-platform business positioned for sustainable growth in South Africa's digital economy and the successful repositioning of the IT Services segment,” the company said in an update to shareholders on Monday.
The group's focus and discipline in deploying capital into higher-margin, annuity-based growth opportunities continued in the 2027 financial year, with the contribution from the Platforms segment increasing further to about 45% of group revenue, while accounting for about 95% of operating profit.
