Consulting, technology and outsourcing firm EOH aims to increase its revenue fourfold in the next six years.
Presenting the company`s results to analysts at a presentation in Sandton last night, CEO Asher Bohbot said the company had delineated eight paths to growth, which - if followed carefully - would ensure its success.
Among these are aspects such as concentrating on its staff, branding, expanding its service offering, transformation and mobilising the listed vehicle.
These aspects, it believes, will aid it in reaching R2 billion in its 2012 financial year, with profit before tax of R220 million. This year it reported revenue of R503 million and profit before tax of R55.8 million.
The company seeks to expand its offerings to areas that border on what it already does, such as offering network infrastructure capabilities. "We have to be open to more than what we are doing," said Bohbot.
The group, which listed about eight-and-a-half years ago, also seeks to capitalise on its listed entity. Bohbot said this could take the shape of increasing brand value, raising funds or pursuing an "aggressive" acquisition strategy.
In its next financial year, the company intends entering the infrastructure arena, ramping up its involvement in the public sector and combining some current offerings into an integrated offering.
Of the R17 billion a year government spends on technology, about R100 million is earned by EOH, a picture it seeks to change. Some R49 billion is spent on IT locally a year, a figure that is expected to grow to R60 billion by 2010.
2007 will also see it targeting strategic acquisitions. "Acquisitions will remain part of our strategy," said Bohbot. However, the company will only acquire when appropriate and when the takeover target suits its model. EOH is currently trading under cautionary.
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