Motus (MTH) 1H24 – Results Snapshot

Diluted HEPS 639cps (-25.7% y-y).
Turnover increased by 11.2% y-y to R57 167m.
OPM decreased by 50bps to 4.6%.
Expenses increased by 11.7% y-y with expense-to-sales increased from 94.9% to 95.4%.
Dividend of 235cps.
Cash generated from operating activities improved from -R938m to -R230m.
According to management, as a result of higher interest rates, fuel costs, inflation and job uncertainty, consumers are facing heightened strain on their disposable income. The current economic downturn has dampened consumers’ interest in purchasing high-value assets and has led consumers to be very cost-conscious when replacing vehicles.