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BARLOWORLD LIMITED - Trading statement for the twelve months ended 30 September 2023

Release Date: 14/11/2023 15:03
Code(s): BAW BAWP BAW41 BAW42 BAW40 BAW36 BAWGL2 BAWGL1 BAW39 BAW37 BAW38     PDF:  
Wrap Text
Trading statement for the twelve months ended 30 September 2023

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)
(A2X code: BAW)
(JSE ISIN: ZAE000026639)
(Share code: BAWP)
(JSE ISIN: ZAE000026647)
(Bond issuer code: BIBAW)
("Barloworld" or the "group")

TRADING STATEMENT FOR THE TWELVE MONTHS ENDED 30 SEPTEMBER 2023

Shareholders are advised that the group is currently finalising its results for the twelve months ended
30 September 2023 ("the period"), which will be released on the Stock Exchange News Service
("SENS") of the JSE Limited ("JSE") on or about Monday, 20 November 2023.


In terms of the JSE Listings Requirements, the group is satisfied that a reasonable degree of certainty
exists that the financial results for the period will differ by at least 20% from the prior twelve-month
period ended 30 September 2022 ("the prior period").


Basic earnings per share ("EPS") and basic headline earnings per share ("HEPS") from
continuing and discontinued operations

The range for basic EPS and basic HEPS from group, continuing operations and discontinued
operations for the period are expected to be as follows:
 
ZAR cents                                       30 Sep 2023        Expected range of      30 Sep 2022
                                             Expected Results     increase/ (decrease)      (Reported)
                                                       Range          based on 30 Sep
                                                                       2022 (Reported)

 Basic earnings per share - group            1 181.9 to 1 211.9        12.4% to 15.2%           1 051.9
 Basic earnings per share
   Continuing operations                     1 059.6 to 1 074.6        71.7% to 74.1%             617.2
   Discontinued operations                       122.3 to 137.3     (71.9%) to (68.4%)            434.7
 Basic headline earnings per share – group   1 276.3 to 1 306.3     (27.9%) to (26.2%)          1 770.8
 Basic headline earnings per share
   Continuing operations                     1 148.8 to 1 163.8          4.8% to 6.2%           1 096.3
   Discontinued operations                       127.6 to 142.6     (81.1%) to (78.9%)            674.1


Accounting presentation

The trading results of car rental and leasing business, Zeda Limited ("Zeda"), and the Logistics
business were disclosed under profit from discontinued operations. Zeda was successfully
unbundled and separately listed on the JSE on 13 December 2022, while the Logistics business was
successfully disposed of, effective 31 March 2023.
Shareholders are advised that the information contained in this trading statement has not been
reviewed or reported on by the group's independent external auditors.

Sandton
14 November 2023

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

Enquiries:
Nwabisa Piki
Group Investor Relations
Tel: +27 64 880 6872 E-mail: nwabisap@barloworld.com

Date: 14-11-2023 03:03:00
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