Barloworld will, commencing today, be presenting to international emerging
markets analysts and institutions. The presentation provides an update on the
trading conditions in the markets in which Barloworld operates.
A copy of this presentation can be found at www.barloworld.com
In the interests of fair, equal and timeous disclosure to all shareholders, the
salient points from the presentation are outlined below:
Capital Equipment: In South Africa the market remains buoyant and the Group is
growing its rental business successfully. There has been
strong growth in Angola. In Spain, the new equipment market
is softer but remains at high levels and the after market
and rentals continue to grow.
Industrial Distribution: Lift Truck sales and rental volumes are growing
steadily in Europe and there are positive signs in the
US. Freightliner volumes in the US have grown and the
order book is significantly stronger
Cement and Lime: South African cement demand is stronger than anticipated
Motor: Motor demand in South Africa continues to be impacted by
high real interest rates and volumes remain subdued
Coatings: Barloworld"s focus on flagship brands is yielding higher
average prices per litre. The decorative market in South
Africa is growing by 3 to 5 % per annum and there are
opportunities for volume growth in an expanding lower end
market. In Australia, the market remains buoyant but growth
rates are slowing
Scientific: Tough trading conditions persist in the Melles Griot laser
and optics business
Steel Tube: Domestic sales and export volumes have been negatively
impacted by the rising steel price, whilst margins have
come under pressure from the stronger rand
4 September 2003
Enquiries:
Barloworld Limited Tel: 011 445 1204
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
