Barloworld Full Year 2024 Earnings: Beats Expectations

Barloworld (JSE:BAW) Full Year 2024 Results

Key Financial Results

• Revenue: R41.9b (down 6.9% from FY 2023).
• Net income: R1.90b (down 4.0% from FY 2023).
• Profit margin: 4.5% (up from 4.4% in FY 2023). The increase in margin was driven by lower expenses.
• EPS: R10.22 (down from R10.66 in FY 2023).

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

Barloworld Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 4.5%.

Looking ahead, revenue is forecast to grow 3.1% p.a. on average during the next 2 years, compared to a 4.2% growth forecast for the Global Trade Distributors industry.

Performance of the market in South Africa.

The company's shares are down 1.9% from a week ago.

Risk Analysis

Be aware that Barloworld is showing 1 warning sign in our investment analysis that you should know about...

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