The Bidvest Group Limited updated earnings guidance for the financial year to 30 June 2021. For the year, in the trading statement and business update issued on 1 June 2021, the company indicated that it was already clear that Group headline earnings per share and earnings per share for the financial year to 30 June 2021 are expected to be more than 20% higher compared to the previous year. In this statement, the company issue specific guidance: Group HEPS is expected to be more than 200% higher compared to the prior year (FY20: 394.0 cents), translating into a range of between 1,180 cents and 1,220 cents. The prior year includes operational losses recognized for the discontinued Bidvest Car Rental. HEPS from continuing operations, which excludes the now disposed Bidvest Car Rental, is expected to be more than 100% higher compared to the prior year (FY20: 553.2 cents), translating into a range of between 1,154 cents and 1,213 cents. Normalized headline earnings per share (HEPS) from continuing operations is expected to be 23% to 28% higher compared to the prior year (FY20: 1,028.3 cents), translating into normalized HEPS of between 1,260 cents and 1,324 cents. This measure excludes COVID-19 expenses, acquisition costs and amortization of acquired customer contracts. Basic earnings per share (EPS) from continuing operations is expected to be between 1,100 cents and 1,160 cents compared to the 49.8 cents reported in FY20. The prior year was impacted by ZAR 1.2 billion COVID- 19 expenses, ZAR 218 million negative Adcock Ingram remeasurement impact, the ZAR 241 million capital impairment recognized for Comair and ZAR 1.2 billion in capital impairments and business disposals. Group basic EPS is expected to be between 1,100 cents and 1,160 cents compared to the previous year loss of 136.6 cents. This is the result of the items described under Basic EPS as well as the operational losses and impairments recognized for the discontinued Bidvest Car Rental in the FY20 base.