Bidvest (BVT) FY23 – Results Snapshot

Diluted HEPS 1790.4cps (+24.3% y-y). Normalised HEPS of 1 884.7cps (+17.7% y-y).
Turnover increased by 15.0% y-y to R114 912m.
GPM decreased by 100bps to 29.0%.
TPM increased by 30bps to 10%.
Expenses increased by 8.2% with expense to sales decreasing from 20.2% to 19.1%.
Dividend of 876.0cps.
Cash generated from operating activities down 4.1% y-y to R7 956m.