Results for the year ended
30 September 2020
Year-end results presentation webcast
1 December 2020
(Chief Financial Officer) on Tuesday, 1 Dec 2020 at 12h00 CAT (GMT+2).
Our strategy is our plan to get the best out of our business over the near to medium term, and then grow in pursuit of our vision, which is to provide best-in-class packaging throughout sub-Saharan Africa.
EBITDA for covenants
Trading profit R682m down 56% due to weak economies and the impact of COVID-19 in H2 2020
Operating loss R147m
2019: R402m operating profit
Loss for the year R4.2bn due to R4.0bn goodwill and asset impairments
Group funding covenants renegotiated, but with stringent conditions
Net proceeds from disposals and bonds R2.0bn used to reduce US$ denominated debt
Successful renewal of key contracts and meaningful export contracts secured for Bevcan
Operating capability sustained despite significant impact of the novel coronavirus (COVID-19) pandemic