Salient features

Revenue up by 11% to R65.1 billion
Operating profit up by 18% to R3 527 million
Profit before exceptional items up 20% to R2 538 million
HEPS up by 26% to 860 cents
Cash generated from operations of R4 263 million
(2012: R43 million utilised)
Total dividend per share up 27% to 291 cents

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Clive Thomson, CEO of Barloworld, said:

“The group performed strongly in the current financial year with headline earnings per share up by 26%.

The Equipment results were boosted by the recent acquisitions of the Bucyrus distribution businesses in Southern Africa and Russia which performed ahead of expectation, despite facing a difficult external environment as global mining companies reduced capital expenditure. Read on >>


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 25 countries around the world with approximately 70% of just over 19 600 employees in South Africa.