UNAUDITED GROUP RESULTS AND CASH DIVIDEND DECLARATION for the six months ended 31 March 2015

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”)

GROUP PROFILE

Reunert manages a diversified portfolio of businesses in the fields of electrical engineering, information communication technologies, and defence and allied electronics. The group operates mainly in South Africa with minor operations situated in Australia, Lesotho, Sweden, USA and Zimbabwe. Our headquarters are based in Woodmead, Sandton.

The group’s principal objectives are to deliver sustainable growth in its businesses and earnings. We endeavour to seek meaningful growth opportunities that are either compatible with our leading competencies or that are sensible and strategically aligned extensions of our existing businesses.

Established in 1888 by Theodore Reunert and Otto Lenz, the company has contributed to the South African economy in numerous ways over the past 127 years. The group was listed on the JSE in 1948 and is included in the industrial goods and services (electronic and electrical equipment) sector of the JSE [ticker symbol: RLO].

SALIENT FEATURES

    Six months ended
31 March
%

Change  

 
    2015   2014  
Revenue from continuing operations   Rm   3 935,3   3 681,7   7  
Operating profit from continuing operations   Rm   502,8   477,2   5  
Earnings per share from continuing operations   cents   245,7   200,9   22  
Earnings per share   cents   286,5   237,8   20  
Headline earnings per share from continuing operations   cents   242,1   201,3   20  
Headline earnings per share   cents   264,8   238,5   11  
Normalised headline earnings per share from continuing operations   cents   238,7   200,0   19  
Normalised headline earnings per share   cents   261,4   237,2   10  
Dividend per share   cents   105,0   95,0   11