Raubex (RBX) 1H23 – Results Snapshot

Diluted HEPS up 16.4% y-y to 158.6cps compared to 136.2cps LY.
Revenue increased by 23.2% y-y to R7 377m, driven by the Beitbridge project and aided by materials handling and mining revenue.
GPM improved by 30bps to 12.5%.
OPM increased from 7.3% to 7.5%
Expenses increased by 28.8% y-y to R387m. Expense to sales up by 20bps to 5.2%
53cps interim dividend declared.
Operating cash flow up 152% y-y to R391m.
Order book decreased by 4.3% y-y to R16.6bn.