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Bell Equipment|Equipment
Bell Equipment|Equipment
bell-equipment|equipment

Bell Equipment’s earnings to fall on soft market conditions

11th October 2024

By: Tasneem Bulbulia

Senior Contributing Editor Online

     

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JSE-listed Bell Equipment expects its earnings per share (EPS) and headline earnings per share (HEPS) for the year to end December 31, to decrease by at least 25%, compared with the EPS and HEPS of 799c and 798c, respectively, in the previous year.

A further trading statement for the period will be released once the company has more certainty regarding the extent of the expected decrease in its results.

It was reported in the interim results to June 30 that key markets had softened considerably and that the second half of the year was expected to be more challenging than the first half.

The expected decrease in earnings is mainly owing to these weaker conditions in most of the markets where the group is active.

This has had a negative impact on production volumes and sales performance, as reflected in the sales reports for the third quarter to September 30 of the current fiscal year, and in the sales outlook for the remainder of the year, the company points out.

It expects to release its results for the period on or about March 28, 2025. 

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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