• Unaudited results for the half year ended December 31  2022


Unaudited results
for the half year ended

December 31  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 over more than three decades, and is scalable

Financial highlights

  • Revenue

    R91,8bn

    (H1F2022: R71,6bn)

    28,1%

    Constant currency 25,0%

  • Trading profit

    R4,9bn

    (H1F2022: R3,4bn)

    43,9%

    Constant currency 39,9%


  • HEPS

    971,7 cents

    (H1F2022: 668,0 cents)

    45,5%

    Constant currency 41,6%

  • Distribution per share

    440,0 cents

    (H1F2022: 300,0 cents)

    140,0 cents  46,7%


Segmental results (in constant currency)

  • United Kingdom
  • Europe
  • Emerging Markets
  • Australasia

United Kingdom

United Kingdom

  • Revenue

    R23,3bn

    24,4%

  • Trading profit

    R0,9bn

    56,8%


Europe

Europe

  • Revenue

    R31,2bn

    29,4%

  • Trading profit

    R1,6bn

    39,3%


Emerging Markets

Emerging Markets

  • Revenue

    R14,2bn

    10,5%

  • Trading profit

    R0,8bn

    13,0%


Australasia

Australasia

  • Revenue

    R21,0bn

    30,9%

  • Trading profit

    R1,5bn

    51,5%