June 2022


Matthew Zunckel (CFA) & Talya Ginsberg

 Barloworld released a very satisfactory set of interim results for FY22. On the one hand, the group is coming out of the low Covid base while on the other, BAW also contended with an operating environment which included continued supply chain restraints, the global semi-conductor shortage and most notably the impact of the Russian invasion of Ukraine.

Revenue (from continuing operations) grew by 13.6%, EBITDA grew by 20.6% and operating profit was up by 25.7%. The resource boom assisted Barloworld as can be seen by their mining related division; Equipment Southern Africa and Equipment Eurasia was up 7.7% and 11.8% respectively. 

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