Salient features

  • Trading profit
    up 8.2% to
    R6.5 billion

  • Five of the seven divisions grew trading profit despite challenging economic conditions

  • Strong earnings growth in associate companies

  • Headline earnings
    increased by 11.9% to
    R4.1 billion

  • HEPS
    increased by 11.1% to
    1 231.6 cents

  • Normalised HEPS
    increased by
    12.5%


Key financial statistics

Contribution to revenue
Contribution to trading profit

Message to shareholders

Introduction

Bidvest is a leading business-to-business trading, distribution and services group, operating through seven divisions: Services, Freight, Automotive, Office and Print, Commercial Products, Financial Services and Electrical. The Group owns 52.0% of Bidvest Namibia and a significant Bidvest property portfolio, occupied largely by Bidvest companies. Bidvest continues to hold investments in Adcock Ingram (38.5%), Comair (27.2%) and Mumbai Airport (6.75%), as well as other listed and unlisted investments.