BIDVest : South Africa's Bidvest FY profit up 11 percent, lags consensus

The Bidvest Group Limited is a diverse group. Net sales (before intragroup) break down by activity as follows: - integrated facilities management services (31.3%): facilities management, security services, travel management, airlines, etc.; - sales of cars (23.6%): activity carried out, at the end of June 2021, with more than 100 car dealers; - distribution of equipment and office supplies (19.3%); - manufacturing and trading of industrial equipment and consumer products (15.2%): industrial tools, lifting and handling equipment, agricultural machinery, hardware equipment, household appliances, leisure equipment and accessories, kitchen utensils, household products, electronic equipment, etc.; - port handling services (6.6%); - financial services (2.8%); - other (4.8%): mainly environmental and tourism services, real estate asset management and share acquisition activity. South Africa accounts for 83.1% of net sales.