Technology group Datatec expects its businesses in emerging markets to make a slow recovery following a disappointing performance in the first half to August. The company continued to be adversely affected by the strong US dollar, which has strengthened considerably against other currencies, as well as continuing challenging global economic conditions. These factors resulted in a 7.6% fall in revenue to $3.04bn, which reduced earnings before interest, tax, depreciation and amortisation to $68.9m from $80.6m. CEO Jens Montanana said global markets appeared to have stabilised recently after the precipitous declines in emerging market currencies’ exchange rates against the US dollar. "The macroeconomic environment has now become more favourable for the group’s business operations, with improved confidence in emerging markets expected to underpin a slow recovery in these regions," he said. Datatec operates in 70 countries across North America, Latin America, Europe, the Middle East, Afr...
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