Insimbi claims it recovered remarkably well

Johannesburg – Despite the challenges experienced throughout the year as a result of the Covid-19 pandemic, Insimbi Industrial Holdings recovered remarkably well in the second half of the year.

The Company hereby advises that a reasonable degree of certainty exists for the 12 months ended 28 February 2021 that the results are expected to be as follows:

Revenue of between R4.9 Billion and R5.0 Billion, an increase of between 2% and 4%;

EBITDA of between R150.8 million and R163.9million, an increase of between 15% and 25%;

EPS of between 9.29 and 10.10 cents per share compared to 8.08 cents per share for the period ended 29 February 2020, an increase of between 15% and 25%; and

HEPS of between 9.62 and 10.64 cents per share compared to 10.13 cents per share for the period ended 29 February 2020, between minus 5% to 5%.

The financial information on which this trading statement is based has not been reviewed or reported on by the auditor of the Group. The annual financial results for the period ended 28 February 2021 are expected to be published on or about 28 May 2021.

Insimbi is a group of companies purposefully brought together to provide resource-based supplies to a wide range of industrial consumers. The company offers ferrous and non-ferrous alloys; refractory and foundry materials; plastic blow moulding, injection moulding and rotomoulding production; and alloy recycling processes to national, regional and international markets.