Oct 28, 2021 / 09:00AM GMT
Stephen van Coller - EOH Holdings Limited - Group CEO & Executive Director
Good morning, everyone. It is with great pride, I present this Return to Profit Results on behalf of all the EOH people. EOH is a story of continued improvement, most importantly, in the quality of earnings. As before, 2021 is much better than 2020, as was 2020 better than 2019, and all thanks to the Herculean efforts of our people and the incredible continuing support from our clients and our partners. All our loss-making legacy contracts and businesses have been closed, and now that has sorted out the cash drain. This may mean less revenue, but EBITDA has significantly increased from ZAR 19 million last year to ZAR 667 million this year. This is a margin increase from basically 0% to 9% in record time, and this is very close to our medium-term 10% target we gave you before.
IOCO is already above 10%. So focus this year will be on getting NEXTEC into the higher single digits. Gross margins have improved from 22% to 28% through cost optimization and a much better contracting process. We have made great progress
Full Year 2021 Eoh Holdings Ltd Earnings Call Transcript
Mar 29, 2024
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