WBHO (WBO) FY23 – Results Snapshot

Diluted HEPS from total operations improved from -R36.93 to R15.15 in FY23, while DHEPS from continuing operations improved by 31.3% y-y to R17.03.
Revenue from continuing operations increased by 37.9% y-y to R23 769m, driven by strong performances from the building and civil engineering and roads and earthworks segments.
OPM declined by 20bps to 4.5%.
Expenses increased by 38.2% y-y to R22 742m, with expense to sales increasing by 20bps.
No dividend.
Order book increased by 47.0% y-y to R32.6bn.
Cash from operations improved from -R637m to R1 340m.