Bid Corporation (BID) FY24 – Results Snapshot

Diluted HEPS of 2 396.3cps (+15.4% y-y).
Revenue growth of 15.1% y-y from R196bn to R226bn.
GPM increased 30bps to 24.1% (FY23: 23.8%).
Operating expenses increased by 16.4% y-y while expense-to-sales increased by 20bps from 18.7% to 18.9%.
OPM flat at 5.2%.
Profit for the year up 15.9% y-y from R6.9bn to R8.1bn.
Cashflow from operating activities down 1.0% y-y from R10.5bn to R10.4bn.
Dividend of 1 090cps (FY23: 940cps).
United Kingdom revenues rose 24.4% y-y, with Europe up
17.9% y-y.