Reunert (RLO) 1H23 – Results Snapshot

Diluted HEPS up +36.6% y-y to 265.0cps (LY: 194.0cps).
Turnover increased by +21.3% y-y to R6 203m (LY: R5 114m). Turnover growth is supported by strong sales growth of +49.7% y-y (LY: +15.9% y-y) in the Applied Electronics segment.
OPM increased to 10.0% (LY: 9.0%).
Expense to sales decreased to 90.0% (LY: 91.0%). Expenses increased by +20.1% y-y (LY: +12.3% y-y).
Interim dividend of 83.0cps declared (LY: 75.0cps).
Cash generated from operating activities up +91.5% y-y to R339m (LY: R177m).