About Barloworld

Barloworld is a distributor of leading international brands providing integrated rental, fleet management, product support and logistics solutions. The core divisions of the group comprise Equipment (earthmoving and power systems), Automotive (car rental, fleet services and motor trading), Handling (forklift truck distribution and fleet management) and Logistics (logistics management and supply chain optimisation).



Chairman's review
It is to the credit of this organisation and the systems we have put in place over time that we have pockets of excellence performing above plan month after month through the worst recession in living memory. The philosophy of stakeholder value creation at the heart of our business has formed a strong foundation for resilience under current market conditions and positions the group well for future success.
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Chief executive's report
The group’s performance this year was impacted by the global economic downturn which significantly impacted businesses in a number of markets and geographic regions, particularly outside of southern Africa.

As a consequence group operating profit was 25% lower than in 2008 and headline earnings per share from continuing operations, which was impacted by higher finance costs and financial instrument adjustments due to the stronger rand, declined by 43%.
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