Reunert Limited
(Incorporated in the Republic of South Africa)
(Registration Number 1913/004355/06)
Share Code: RLO
ISIN: ZAE000005914
("Reunert")
REUNERT LIMITED'S PERFORMANCE CONTINUES IN LINE WITH EXPECTATIONS
Reunert believes that its prospects for the current year have improved, in
spite of the recent increase in interest rates and the volatility of the
Rand.
Turnover and EBITDA are ahead of the same period last year. Nashua Office
Automation, Nashua Mobile, Panasonic and Siemens Telecommunications have
performed particularly well in the first quarter. However, the downturn in
the demand for optical fibre is worse than expected and this will have a
negative effect upon ATC's results.
Although no significant orders have been concluded in the Defence companies,
Reunert remains confident that export orders will be secured later this
financial year.
Reunert's cash flow remains on target, and, notwithstanding the R410m
investment in Siemens Telecommunications and Nashua Mobile at the end of
last year, Reunert's cash position is positive.
- ENDS
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