JSE-listed Barloworld reported a 7% year-on-year decline in revenue to R41.9-billion for the 12 months ended September 30. Barloworld group CEO Dominic Sewela said at its financial year-end results presentation on November 25 that this decline was primarily driven by subdued trading results from the group’s Equipment Southern Africa business, which was down 12.7% from the previous year, along with a year-on-year decline in activity from its Russian Vostochnaya Technica (VT) business.