Motus

Motus’ FY HEPS were -28% to 1479c, topping the BB est. of 1469c | Revenue grew +7% to R113.7bn | Operating profit -4% to 5.5bn | Margins impacted by discounts, vehicle & parts price inflation, FX volatility ↑ costs, high interest rates, ↑ competition & a strained consumer buying-down | Aftermarket parts volumes & margins victim to aggressive competitor pricing | Vehicle rental strong on back of local & international leisure travel | Divi -27% to 520c
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