Mohammed Akoojee – Chief executive officer
A year of amplified
strategic focus
Leadership reviews
-
Phumzile Langeni
Chairman -
Mohammed Akoojee
Group chief executive officer -
George de Beer
Group chief financial officer
Our performance
Imperial Logistics delivered an unsatisfactory operating performance, growing revenue from continuing operations by 6% and decreasing operating profit by 9%. Results were supported by a good performance from African Regions, offset by weaker operational performances, certain once-off trading costs of c.€4 million or R65 million in International, and the once-off costs associated with our business rationalisation and restructuring in our South African and International operations of c.R170 million. Our balance sheet management remains sound with sufficient headroom in terms of capacity, together with good cash generation, for strategic growth.
Continuing revenue*
6%
to R49,7 billion
Continuing operating profit*
9%
to R2,5 billion
Continuing HEPS
7%
to 542 cents per share
Excluding once-off costs, operating profit
1%
Continuing EPS
105%
to 26 cents loss per share
Free cash conversion of
72%
(2018: 87%)ROIC of 10,4% versus WACC of
10,2%
(2018: ROIC of 12,2% versus WACC of 8,5%)Net debt to EBITDA of
1,6 times
(2018: 1,5 times)
- customise • collaborate • compete
- Imperial Logistics Integrated Annual Report 2019