BAW

Barloworld (BAW) FY24 – Results Snapshot

Diluted HEPS of 1 011.6cps (-20.7% y-y).
Revenue from continuing ops decreased by 6.9% y-y to
R41 908m, largely driven by a decline in the Equipment segment of -14.3% y-y.
OPM from continuing ops decreased by 60bps to 9.0%.
Expenses from continuing ops decreased by 6.3% y-y, while expense-to-sales increased from 90.4% to 91.0%.
Dividend of 520.0cps (FY23: 500.0cps).
Cash generated from operating activities down 60.6% y-y to R1 308m.
Gross debt decreased from R10.6bn in FY23 to R7.2bn in FY24, and net cash decreased from R9.9bn in FY23 to R5.7bn in FY24.
Completed the derisking process of the UK pension fund.