Salient features

Revenue up 5% to R29.9 billion
Operating profit up 18% to R1 639 million
Motor retail Australia disposal for R1.3 billion
HEPS up 10% to 336 cents
Interim dividend per share up 10% to 106 cents
Basic EPS of 494 cents up 71%

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Clive Thomson, CE of Barloworld, said:

The group delivered a sound performance in the first half with operating profits up 18% and headline earnings per share increasing by 10%.

Our Equipment business in southern Africa delivered a good overall result despite the ongoing challenges in the mining sector. Revenues were bolstered by a strong performance from the Extended Mining Product Range (EMPR) and continued aftermarket growth. In Russia our business held up relatively well despite slowing economic growth and political uncertainty arising from the Ukraine crisis. >> read more


 

About Barloworld

Barloworld is a distributor of leading international brands providing integrated rental, fleet management, product support and logistics solutions. The core divisions of the group comprise Equipment and Handling (earthmoving, power systems, materials handling and agriculture), Automotive and Logistics (car rental, motor retail, fleet services, used vehicles and disposal solutions, logistics management and supply chain optimisation). We offer flexible, value adding, integrated business solutions to our customers backed by leading global brands. The brands we represent on behalf of our principals include Caterpillar, Hyster, Avis, Audi, BMW, Ford, General Motors, Mazda, Mercedes-Benz, Toyota, Volkswagen, Massey Ferguson and others.

Barloworld has a proven track record of long-term relationships with global principals and customers. We have an ability to develop and grow businesses in multiple geographies including challenging territories with high growth prospects. One of our core competencies is an ability to leverage systems and best practices across our chosen business segments. As an organisation we are committed to sustainable development and playing a leading role in empowerment and transformation. The company was founded in 1902 and currently has operations in 24 countries around the world with approximately 70% of just over 19 100 employees in South Africa.