Omnia Holdings Limited

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Omnia Holdings Limited Rated (2021-09)
  • Omnia Holdings Limited
  • Year : Sep 2021
3 Tokens
USD 300.00
Summary

Omnia’s balance sheet has significantly strengthened. The group used R2.2bn in proceeds from the recent sale of Oro Agri combined with strong operational cash flows (aided by working capital improvements) to significantly reduce its leverage. This included fully redeeming its term and working capital facilities, with gross debt reducing to a low of R66m at FY21 (FY20: R2.6bn).

Additional Information

Omnia’s solid business profile is underpinned by its strong market positioning in the agriculture products space in Africa, complemented by BME’s burgeoning market share. Proprietary technologies, modernised production processes, improved control of the supply chain and integration of the group’s divisions also underpin its strong competitiveness. Nevertheless, exposures to higher-risk territories and cyclical industries balances our assessment.

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