Raubex guided HEPS down between 10.0% and 20%, to between 227.4c and 255.9c. Roads and Earthworks performed well with major SANRAL projects and new N2 awards supporting execution, while Materials Handling and Mining was hurt by prior chrome price weakness and a stronger rand. Australia will report a loss after a single underperforming project of about R210m, partly offset by strong Westforce and improving pipelines. The secured order book is at record levels, and management expects a stronger second half.
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