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MURRAY & ROBERTS HOLDINGS LIMITED - Trading Statement

Release Date: 25/08/2022 11:34
Code(s): MUR     PDF:  
Wrap Text
Trading Statement

MURRAY & ROBERTS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1948/029826/06
JSE Share Code: MUR
ISIN: ZAE000073441
(“Murray & Roberts” or the “Group”)

TRADING STATEMENT FOR THE YEAR ENDED 30 JUNE 2022

Over several years of market instability, Murray & Roberts has demonstrated an ability to
deliver on its strategic objectives. The Group’s multi-year, record-high order book and
strong project pipeline speaks to the extensive transformation that Murray & Roberts has
undergone to become a multinational engineering and contracting group, with business
platforms that are well positioned as specialist contractors.

Murray & Roberts will be reporting strong growth in revenue and earnings for the year to 30
June 2022, notwithstanding the continued impact on the business from the pandemic and
the war in Ukraine. Areas of impact include disruption in supply chains, changes to project
schedules and associated deferral of milestone payments, escalating inflation, and
therefore, difficult commercial environments.

The Group has a strong order book of R59,5 billion (FY2021: R60,7 billion) and significant
near orders of R60,4 billion (FY2021: R11,1 billion).

The Group expects to report FY2022 results within the following ranges:

Results from continuing and discontinued operations

                                          FY2022            FY2022             FY2021
                                         Expected          Expected             Actual
                                           range             range             cps loss
                                             %            cps earnings
 HEADLINE EARNINGS/(LOSS)
 PER SHARE
 Basic                                    >100%              30 - 32              (14)
 Diluted                                  >100%              30 - 32              (14)
 EARNINGS/(LOSS) PER SHARE
 Basic                                    >100%              33 - 35              (46)
 Diluted                                  >100%              32 - 34              (45)
Results from continuing operations

                                           FY2022             FY2022             FY2021
                                          Expected           Expected             Actual
                                            range              range              result
                                              %             cps earnings       cps earnings
 HEADLINE EARNINGS PER
 SHARE
 Basic                                     >100%              59 - 61               16
 Diluted                                   >100%              57 - 59               16
 EARNINGS PER SHARE
 Basic                                     >100%              61 - 63               19
 Diluted                                   >100%              60 - 62               18

PUBLICATION OF ANNUAL FINANCIAL RESULTS

Murray & Roberts intends to publish its annual financial results for the year to 30 June 2022
on SENS on Wednesday, 31 August 2022, before 17:00 (CAT).

The information contained in this announcement has not been reviewed and reported on by
Murray & Roberts’ external auditors.

Bedfordview

25 August 2022

Sponsor
The Standard Bank of South Africa Limited

Date: 25-08-2022 11:34:00
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