Barloworld feeling Covid-19
The South African company Barloworld has reported on its last financial year ending on 30 November 2020. The company's revenue of ZAR 49.7 billion (EUR 2.7 billion), down 17% in comparison to the previous year, while the operating margin was also down from 6.6% to 4.1%.
In the different branches, the automotive and logistics divisions were successfully integrated with centralised shared services functions and realised savings of ZAR 88 million (EUR 4.8 million).
Equipment Eurasia, which includes the recently acquired Mongolian Caterpillar Dealership operations and Barloworld's Russian operations, performed well: the division has a robust order book (USD 117.6 million) with firm orders at similar levels to that of equipment southern Africa. (sh)