Mohammed Akoojee – Chief executive officer

A year of amplified
strategic focus

Watch the interview with Mohammed

Leadership reviews

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    Phumzile Langeni

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    Mohammed Akoojee
    Group chief executive officer

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    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*


to R49,7 billion

Continuing operating profit*


to R2,5 billion

Continuing HEPS


to 542 cents per share

Excluding once-off costs, operating profit


Continuing EPS


to 26 cents loss per share

Free cash conversion of


(2018: 87%)

ROIC of 10,4% versus WACC of


(2018: ROIC of 12,2% versus WACC of 8,5%)

Net debt to EBITDA of

1,6 times

(2018: 1,5 times)

Full Group highlights