Raubex’s interim performance: A mixed outlook with a solid order book

RAUBEX Group experienced “a few isolated challenges” in the six months to August 31 that led to headline earnings falling 14% to R245.3 cents a share, but the order book and balance sheet are healthy, underscoring a positive outlook.

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This follows a revenue decrease of 1% to R10.84 billion. Operating profit decreased by 28.7% to R603 million. Cash generated from operations decreased by 50.5% to R762.4m. The order book stood at R30.44bn (up from R28.18bn). The interim dividend came to 81 cents a share from 94 cents per share at the same time last year.

“While the performance reflects a decline, the group remains focused on long-term value creation, underpinned by a resilient business model and a clear strategic direction. The solid order book of R30.44 billion, an increase of 8% since the last year-end, reinforces confidence in the future growth prospects,” said CEO Felicia Msiza.