Barloworld First Half 2024 Earnings: EPS: R5.12 (vs R5.80 in 1H 2023)

Barloworld (JSE:BAW) First Half 2024 Results

Key Financial Results

• Revenue: R19.2b (down 7.7% from 1H 2023).
• Net income: R950.0m (down 12% from 1H 2023).
• Profit margin: 5.0% (down from 5.2% in 1H 2023). The decrease in margin was driven by lower revenue.
• EPS: R5.12 (down from R5.80 in 1H 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Barloworld Earnings Insights

Looking ahead, revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Global Trade Distributors industry.

Performance of the market in South Africa.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Barloworld that you need to be mindful of.

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