The Bidvest Group Limited provided group earnings guidance for the year ended June 30, 2023. Group headline earnings per share (HEPS) is expected to be between 22% and 26% higher compared to the prior year (Fiscal year 2022: 1,442.0 cents), translating into a range of between 1,759 cents and 1,817 cents. Normalised HEPS is expected to be 15% to 19% higher compared to the prior year (Fiscal year 2022: 1,601.5 cents), translating into normalised HEPS of between 1,842 cents and 1,906 cents.

This measure excludes acquisition costs, amortisation of acquired customer contracts, and in the base, the impact of a higher corporate tax rate in the UK on Group deferred tax. Group basic earnings per share (EPS) is expected to be between 15% and 19% higher compared to the 1,492.2 cents reported in the prior year. This is translating into a range of between 1,716 cents and 1,776 cents.

This is the result of a capital loss on the sale of T&C Namibia and other impairments compared to a capital profit on the disposal of a property in the base.