R8 billion
trading profit*
+48%
Strengthened balance sheet
with net debt/EBITDA
1.8x
Total dividend
of 600 cents
+113%
R14 billion cash generated
by operations
+49%
Normalised HEPS*
1 292 cents
+26%
R230 million
spent toward easing the impact of COVID-19 on
employees and communities
*Continuing operations
#Normalised
HEPS*
1 183 cents
+114%
ROFE#
up to
32%
“This has been a pivotal year for Bidvest. We have achieved an outstanding financial and operating performance and successfully accomplished many of our strategic ambitions. Four divisions delivered their best-ever performances, a tremendous achievement. This year’s results are in most respects better than those achieved in 2019.”
Mpumi Madisa, chief executive.
There have been numerous stand-out features over the past year, not least of which has been an excellent financial and operating performance for the year ended 30 June 2021, with trading profit increasing by 47.8% to a stellar R7.9 billion and cash generated by operations of R13.6 billion, which is 48.6% higher than last year.
These financial results reflect Bidvest’s success in achieving its planned strategic objectives, increased market share and organic growth in key sectors. It also follows the successful conclusion of the disposal of non-core assets, which started after the unbundling of the food services businesses and resulted in cumulative proceeds of more than R4 billion since FY 2017.
The Group has been successful in advancing its strategy of carefully considered geographic diversification, concluding two sizeable and a few smaller bolt-on acquisitions in the United Kingdom.
Message to shareholders
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