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 (earthmoving equipment and power systems), Automotive and Logistics (car rental, motor retail, fleet services, used vehicles and disposal solutions, logistics management, supply chain optimisation and waste management). We offer flexible, value adding, innovative business solutions to our customers backed by leading global brands.

DETAILED COMMENTARY

Financials



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Salient features

  • Revenue (from continuing operations) maintained at
    R62.0
    billion

  • Operating profit (from continuing operations) maintained at
    R4.1 billion

  • Total dividend per share of
    390 cents up 13%
    (2016: 345 cents)


FULL SALIENT FEATURES


Dominic Sewela

Dominic Sewela, CE of Barloworld, said:

“Equipment southern Africa’s operating performance has been resilient in the year following a rebound in mining and infrastructure demand. Increased activity has generated improved results in our joint venture in the Katanga province of the Democratic Republic of Congo (DRC). Strong mining and aftermarket in Equipment Russia drove the solid performance in that business. The discontinued Iberian Equipment operation is now held for sale.Read more