The Bidvest Group Limited

Salient features

• 

  Pleasing trading profit
  growth up 12,0% to
  R3,1 billion

• 

  R1,4 billion
  more cash generated
  by operations

• 

  Headline earnings
  increased by 13,4% to
  R1,9 billion

• 

  HEPS up 12,5% to
  574,0 cents
  per share

• 

  Interim dividend
  255,0 cents
  per share, up 12,3%

• 

  R4,9 billion
  invested in net
  acquisitions, capex and
  SA infrastructure projects

• 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% of Bidvest Namibia and a significant Bidvest-occupied property portfolio. 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.
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• Investment case

  • 29 years
    of consistent trading profit outperformance

    

    Highly entrepreneurial and decentralised management teams supported by lean corporate office

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• Financial statements

  • Financial statistics
  • Condensed consolidated income statement
  • Condensed consolidated statement of other comprehensive income
  • Condensed consolidated statement of cash flows
  • Condensed consolidated statement of financial position
  • Condensed consolidated statement of changes in equity
  • Condensed segmental analysis