Commentary

Reunert, with its strong brands, diversified customer bases and quality value offerings, delivered a solid performance in the financial year, despite the challenges in the current South African macro-economic environment. The economic growth rates achieved by the South African economy have slowed materially from those forecast for 2015 and are not expected to improve in the medium term.

Revenue and operating profit as well as earnings per share metrics are presented in the
table below.


Measure	Units	2015	2014	%

Revenue	R million	8 300	7 774	7
Operating profit	R million	1 167	1 017	15
Continuing operations
Basic earnings per share	cents	579	235	146
Headline earnings per share	cents	576	391	47
Normalised headline earnings per share	cents	568	439	29
All operations
Basic earnings per share^*	cents	604	1 202	(50)
Headline earnings per share	cents	588	506	16
Normalised headline earnings per share	cents	580	553	5

^*	As a consequence of the disposal of Nashua Mobile and the non-recurring nature of the 2014 profit on the sale of its subscriber bases, basic earnings per share from all operations decreased by 50% to 604 cents.



Group profile Reunert manages a diversified portfolio of businesses in the fields of electrical engineering, (CBI-electric), information communication technologies (ICT) (Nashua), and applied electronics (Reutech). The group was established in 1888 by Theodore Reunert and Otto Lenz, and has contributed to the South African economy in numerous ways over the past 127 years. Reunert was listed on the JSE in 1948 and is included in the industrial goods and services (electronic and electrical equipment) sector of the JSE. The group operates mainly in South Africa with minor operations in Australia, Lesotho, Sweden, the USA and Zimbabwe. Group headquarters are located in Woodmead, South Africa.		Incorporated in the Republic of South Africa Reg. No 1913/004355/06 Ordinary share Code: RLO ISIN code: ZAE000057428 (“Reunert”, “the group” or “the company”)

Commentary

Measure

Continuing operations

All operations

Group profile

Incorporated in the Republic of South Africa Reg. No 1913/004355/06 Ordinary share Code: RLO ISIN code: ZAE000057428 (“Reunert”, “the group” or “the company”)

Incorporated in the Republic of South Africa
Reg. No 1913/004355/06
Ordinary share Code: RLO
ISIN code: ZAE000057428
(“Reunert”, “the group” or “the company”)