Aveng (AEG) Results Snapshot FY21

Diluted HEPS 13.0cps (-94.2% y-y), with marginal improvement in turnover growth (+0.5% y-y), from +15.3% y-y in 1H21. GPM 7.6%, an improvement of 110bps and OPM 1.7%, down from 2.2% in 1H21.
Expenses to sales increased by 50bps to +6.2%. Gross debt -61.3% y-y. Order book improved by R1.4bn to R29.1bn, improvement driven by McConnell Dowell (+15% y-y), while Moolmans order book declined.