- Veröffentlicht: 06. Februar 2017
EOH expects growth from its e-government solutions portfolio, with a number of new investments in this area in the Middle East, as well as continued focus on the South African market.
The technology and knowledge services provider highlighted its expansion in the e-government market through a SENS statement on Friday, saying it believes the pipeline for its solutions is strong.
The JSE-listed group says it continues to successfully pursue its growth strategy "which is based on expanding into new territories, new products and services, new industries, and developing and marketing its own IP solutions internationally".
The South African-based company has been expanding its footprint in the Middle East by acquiring 50% interests in four businesses. These include a company called ASSET – based in Egypt, the UAE and Saudi Arabia – which employs 400 people and provides municipalities and national government departments with e-government solutions for customer and citizen management solutions on mobile devices and the Web.
It also invested in aSAY Group – based in Turkey, Azerbaijan and Uzbekistan – which employs 220 people and provides smart energy, water and Internet of Things (IOT) solutions to large metros. aSAY's solutions also include traffic management, data communication management and smart grid technology solutions.
EOH acquired a 50% interest in Metro CIS, which has a strong presence in Dubai. It provides solutions and IP products to utility companies and municipalities for grid management, authenticity management and billing solutions, and employs 60 people. Another investment was Virtuoso Consulting – based in UAE and Bahrain – which assists large energy utilities in the Middle East to modernise and implement best practice in utilities management, and has a staff of 80.
Major e-government engagements in SA include work with the cities of Johannesburg and Cape Town.
The City of Johannesburg recently awarded EOH a large-scale system and process re-engineering contract to enhance its customer relationship, revenue and property management systems.
"This programme will be a world-first in modernising the city and its interaction with its citizens," EOH says.
The group also assisted the City of Cape Town to implement the technology and control room for its emergency management system. This solution is used for real-time dispatching and control of emergency services, and has won global recognition for innovation and quality.
EOH says its e-government solutions are also being used by the governments of Zambia, Zimbabwe, Uganda, Namibia, Mauritius, UAE, Turkey, Ghana and Tanzania. EOH's local government and utilities solutions are also deployed in Tshwane, Istanbul, Abu Dhabi, Saudi Arabia, Kenya, Jordan, Kuwait, Argentina and Chile.
"The pipeline for EOH e-government solutions is very strong with large-scale opportunities in East and West Africa, UAE, Egypt, Morocco, Saudi Arabia, Malaysia and Indonesia," the group adds.
In September, EOH released its financial results for the year ended 31 July 2016, which saw revenue grow by 31%, to almost R12.8 billion. At the time, the group said it intended to further increase its involvement in the public sector in all tiers of government – national, provincial and local.
EOH's share price has consistently appreciated over the past few years but took a hit last week, falling by over 8% in two trading sessions on Wednesday and Thursday. This morning, the share was trading at around R148.75 after being as high as R157.25 at one point last week.
Year-to-date, the share price has fallen by 9% but over the last 12 months it has increased by around 16%, according to Bloomberg data. Over a longer view, the stock has performed well, growing by over 400% over the past five years.
The group's interim results for the six months ending 31 January are expected to be announced in March.
Autor(en)/Author(s): Paula Gilbert
Quelle/Source: ITWeb, 30.01.2017