• Audited results for the year ended June 30  2022


Audited results
for the year ended

June 30  2022

  • Food
  • Service
  • Technology

Bidcorp's entrepreneurial and decentralised business model, the depth and experience of our management teams, and the strength of the group's culture, positions the group for sustained growth in the future.

It's all about the food,
service and technology

Who we are
Bidcorp:
  • is a complete foodservice solution serving customers in 35 countries
  • people are entrepreneurial and incentivised to be so
  • runs as a decentralised group with best practices widely shared
  • growth is organic, acquisitive-organic through
    bolt-ons, and acquisitive
  • believes that balance sheet conservatism is a competitive financial advantage
  • is at the forefront of foodservice digital commerce with its dynamically evolving proprietary technology
  • embraces environment, social and governance criteria within its day-to-day operations and integrated reporting framework
  • business model continues to be relevant, proven and scalable

Financial highlights

  • Revenue

    R147,1bn

    (F2021: R114,8bn)

    28,2%

    Constant currency 33,1%

  • Cash generated by operations (before working capital)

    R9,9bn

    (F2021: R7,0bn)

    41,4%


  • HEPS

    1 538,3 cents

    (F2021: 868,4 cents)

    77,1%

    Constant currency 83,0%

  • Total distribution per share

    700,0 cents

    (F2021: 400,0 cents)

    300,0 cents   75%


Segmental results

  • United Kingdom
  • Europe
  • Emerging Markets
  • Australasia

United Kingdom

United Kingdom

  • Revenue

    R37,8bn

    55,1%1

  • Trading profit

    R1,5bn

    297,9%1

    • 1 Movements expressed in terms of constant currency.

Europe

Europe

  • Revenue

    R50,1bn

    49,0%1

  • Trading profit

    R2,4bn

    130,6%1

    • 1 Movements expressed in terms of constant currency.

Emerging Markets

Emerging Markets

  • Revenue

    R25,9bn

    24,6%1

  • Trading profit

    R1,4bn

    57,4%1

    • 1 Movements expressed in terms of constant currency.

Australasia

Australasia

  • Revenue

    R33,3bn

    4,9%1

  • Trading profit

    R2,3bn

    2,7%1

    • 1 Movements expressed in terms of constant currency.