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BARLOWORLD LIMITED - Updated trading statement

Release Date: 07/11/2018 16:48
Code(s): BAW BAWP     PDF:  
Wrap Text
Updated trading statement

Barloworld Limited
(Incorporated in the Republic of South Africa)
(Registration number 1918/000095/06)
(Income Tax Registration number 9000/051/71/5)
(Share code: BAW)
(JSE ISIN: ZAE000026639)
(Share code: BAWP)
(Namibian Stock Exchange share code: BWL)
("Barloworld” or the “company")

Updated trading statement

Shareholders are referred to the trading statement released on SENS on 5 November 2018, which
gave guidance that the company expects earnings per share (EPS), including both continuing and
discontinued operations, for the year ended 30 September 2018 to be between 30%-40% higher than
the reported EPS for the previous year ended 30 September 2017 of 779.6 cents. This guidance,
however, excluded the profit on sale of Equipment Iberia and related recycling of foreign exchange
gains arising from the disposal, which should have been taken into account.

The company is therefore issuing revised EPS guidance, taking the aforementioned into account:

Barloworld expects EPS, including both continuing and discontinued operations, for year ended 30
September 2018 to be between 130%-140% higher than the reported EPS for the previous year ended
30 September 2017 of 779.6 cents. This translates to an expected EPS range of between
1,793.1 cents and 1,871.0 cents for the period.

All other guidance remains unchanged.


Sandton

7 November 2018

Equity Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 07/11/2018 04:48:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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