BELL EQUIPMENT LIMITED - Trading Statement

Trading Statement

BELL EQUIPMENT LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1968/013656/06
ISIN: ZAE000028304
Share Code: BEL
("the Company")

TRADING STATEMENT

Shareholders are advised that the Company's earnings per share
("EPS") and headline earnings per share ("HEPS") are expected to
be at least 25% (200 cents) lower for the year ending 31 December
2024 when compared to the EPS and HEPS of 799 cents and 798 cents
respectively for the year ended 31 December 2023. A further trading
statement for the year ending 31 December 2024 will be released on
SENS once the Company has more certainty regarding the extent of
the expected decrease in its results for the year ending 31
December 2024.

It was reported in the interim results to 30 June 2024 that key
markets had softened considerably and that the second half of the
year was expected to be more challenging than the first half. The
expected decrease in earnings for the year ending 31 December 2024
is mainly due to these weaker conditions in most of the markets
that the group is active in. This has had a negative impact on
production volumes and sales performance, as reflected in the sales
reports for the third quarter to 30 September of the current fiscal
year, now available, and in the sales outlook for the remainder of
the year.

The financial information on which this trading statement is based
has not been reviewed and reported on by the Company's external
auditors.

The results for the year ending 31 December 2024 are expected to
be announced on SENS on or about 28 March 2025.

Richards Bay
11 October 2024

Sponsor: INVESTEC BANK LIMITED


Date: 11-10-2024 10:45:00
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