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MURRAY & ROBERTS HOLDINGS LIMITED - Trading Statement

Release Date: 23/08/2021 11:25
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
ADR Code: MURZY
ISIN: ZAE000073441
(“Murray & Roberts” or the “Group”)

TRADING STATEMENT FOR THE YEAR ENDED 30 JUNE 2021

Murray & Roberts is a multinational engineering and construction group, targeting the
natural resources, industrial, energy, water and specialised infrastructure sectors, which
present the best opportunities for growth, diversification, and differentiation for its three
business platforms.

Implementation of the Group’s strategy over the past few years culminated in continued
order book growth and a sizeable aggregation of near orders. The current order book at
R60,7 billion is at an all-time high.

The Group has recovered from the initial impact it experienced in FY2020 from the COVID-
19 pandemic, with continuing operations returning to profitability in the year under review,
delivering earnings before interest and tax within an expected range of R530 million to R560
million (FY2020: R17 million loss).

The Group expects to report FY2021 results within the following ranges:

Results from continuing operations

                                           FY2021            FY2021              FY2020
                                          Expected          Expected              Actual
                                            range             range              cps loss
                                              %            cps earnings
 HEADLINE EARNINGS/(LOSS)
 PER SHARE
 Basic                                      >100              11 – 22              (88)
 Diluted                                    >100              11 – 22              (88)
 EARNINGS/(LOSS) PER SHARE
 Basic                                      >100              14 – 25              (97)
 Diluted                                    >100              13 – 24              (97)
Results from continuing and discontinued operations

                                           FY2021             FY2021             FY2020
                                          Expected           Expected             Actual
                                            range              range             cps loss
                                              %               cps loss
 HEADLINE LOSS PER SHARE
 Basic                                     76 – 90           (19) – (8)            (80)
 Diluted                                   76 – 90           (19) – (8)            (80)
 LOSS PER SHARE
 Basic                                     43 – 55           (51) – (40)           (89)
 Diluted                                   43 – 55           (51) – (40)           (89)

The headline loss per share and loss per share resulted from non-recurring extraordinary
and predominantly non-cash losses in discontinued operations.

The Group’s exposure to its promising target markets, and its strong order book from those
markets, holds the potential for meaningful earnings growth in FY2022 and in the medium
term.

PUBLICATION OF ANNUAL FINANCIAL RESULTS

Murray & Roberts intends to publish its annual financial results for the year to 30 June 2021
on SENS on Wednesday, 1 September 2021, before 17:00 (CAT).

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

Bedfordview
23 August 2021

Sponsor
The Standard Bank of South Africa Limited

Date: 23-08-2021 11:25:00
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