About Barloworld

Barloworld is a distributor of leading international brands providing integrated rental, fleet management, product support and logistics solutions. The core divisions of the group comprise Equipment (earthmoving and power systems), Automotive (car rental, fleet services and motor trading), Handling (forklift truck distribution and fleet management) and Logistics (logistics management and supply chain optimisation).

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	Divisional overview	Clive Thomson, CEO of Barloworld said: Equipment southern Africa delivered a solid operating performance while the automotive division performed exceptionally well in a very difficult year for the industry. The southern African handling and logistics businesses returned satisfactory results. However challenging trading conditions prevailed in our international operations and restructuring charges of R139 million, principally in Iberia were incurred to realign our cost base with lower activity levels. [Read more]