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Metair's turnaround: Operating profit surges as vehicle production increases
The Star
|September 11, 2025
METAIR’S turnaround continued in the six months to June 30, with operating profit up 27% to R450 million after the supplier of auto components recovered volumes at its key vehicle manufacturer customers and it implemented measures to improve efficiency.
Total headline earnings per share (HEPS) (including discontinued operations) rose significantly to 65 cents a share. This compares to a loss of 3 cents per share in the same period last year, which included losses from the recently disposed of Türkiye battery manufacturer, Mutlu Akü.
"Our focus on the turnaround process has been on areas within our control, notably structural simplification, operational execution, and customer support. This allowed us to better adapt to market shifts and volume fluctuations while providing agility to be more efficient and flexible," said the CEO, Paul O'Flaherty, in an online presentation.
Earnings before interest, taxation, depreciation, and amortisation increased by 40% to R716m. Revenue was up 53% to R8.66bn. HEPS from continuing operations fell 8% to 71 cents a share.
This story is from the September 11, 2025 edition of The Star.
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