Aveng (AEG) FY22 – Results Snapshot

Diluted HEPS 238cps down -74.4% y-y from FY21 HEPS of 928cps (restated).
Marginal improvement in revenue (+1.8% y-y), due to struggling Moolmans segment.
GPM improved by 50bps to 8.1%.
OPM increased from 2.1% to 2.2%.
Expenses to sales decreased by 20bps to 6.4%.
No dividend declared.
Order book improved from R25.3bn to R30.8bn, driven by McConnell Dowell.