Metair Investments navigates market challenges with strategic restructuring

METAIR Investments, a leading motor component manufacturer in South Africa, restructured, rightsized and closed certain operations in the six months to June 30, which enabled it to navigate market shifts and volume variability.

- EDWARD WEST

Headline earnings a share from continuing operations for the interim period are expected to decrease between 6% and 10% to between 69 cents and 72 cents a share. Revenue is expected to increase between 52% and 54%, driven by the inclusion of Hesto as a subsidiary from April 1, 2025, and the recently acquired AutoZone, for the full period.

"The improvement in Hesto's performance is now well-entrenched, the initiatives to stabilise AutoZone are bearing fruit, and a restructured debt package provides a sustainable platform from which to further reduce debt.