Bell Equipment Ltd 2009 AR2
The report outlines Bell Equipment's performance during the challenging 2009 fiscal year, marked by a significant drop in global demand due to the economic crisis. In response, the company implemented aggressive cost-reduction measures, including right-sizing its workforce by nearly one-third and reducing inventory by almost R1 billion. Despite a net loss of R271.7 million, Bell Equipment successfully generated positive cash flow in the latter three quarters and reduced its commercial bank debt. The company also advanced its sustainability efforts, focusing on employee safety, health, and wellness, and achieved a level 4 BEE rating for its South African sales division.
Company: Bell Equipment Ltd
Sector: Manufacturing
Country: South Africa
Year: 2009
Type: AR2
Pages: 104
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Bell Equipment Ltd
Annual Report
The report outlines Bell Equipment's performance during the challenging 2009 fiscal year, marked by a significant drop in global demand due to the economic crisis. In response, the company implemented aggressive cost-reduction measures, including right-sizing its workforce by nearly one-third and reducing inventory by almost R1 billion. Despite a net loss of R271.7 million, Bell Equipment successfully generated positive cash flow in the latter three quarters and reduced its commercial bank debt. The company also advanced its sustainability efforts, focusing on employee safety, health, and wellness, and achieved a level 4 BEE rating for its South African sales division.
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Document Details
Report Year
2009
Reporting Period
Jan 1, 2009 - Dec 31, 2009
Fiscal Year
2009
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees