Tag: metair

Metair sees opportunities from COVID-19 outbreak

Metair reported a full year revenue increase of 9.4 per cent to R11.2 billion and sited that its 2020 vehicle production volumes will be down but it is optimistic about the next 3 years as they have secured contracts for new model launches with Mercedes Benz, Nissan and VW, but could the Covid-19 pandemic, Eskom and the global economic crisis pose a bigger risk to the business? Metair CEO, Theo Loock joins CNBC Africa for more.

Metair’s Theo Loock on the drivers behind strong earnings, why he remains bullish on SA

Global energy and automotive manufacturer, Metair, says it delivered strong numbers for the interim period ended June 2019. Metair's HEPS grew 21 per cent to 160 cents per share. Revenue is also up 19 per cent to R5.3 billion. The company had contingencies in place to counter a difficult economy with higher volumes and higher value component opportunities. Theo Loock, MD of Metair joins CNBC Africa for more.