Jul 15, 2015
For the 12 months to June 2015 the Group increased total turnover by 11.2% to about R113.7 billion, compared to the corresponding 12 months of 2014. Growth on a like-for-like basis was 4.3%. Sales growth was especially strong in the first half of the year due to, amongst others, it having an extra trading day compared to the previous period due to the Group closing stores for Nelson Mandela’s funeral in December 2013.
The South African supermarket division, the largest division in the Group, grew sales by 10.5%, up from 8.7% in the 2014 financial year. This is a strong performance considering the prevailing economic conditions and has led to further market share gains for the period.
When converted to rand, the turnover of the Group’s 189 supermarkets outside the borders of South Africa increased by 13.5% compared to the 2014 reporting period. Taken at constant currencies these operations grew by 15.5%. Sales growth in this division was negatively affected by the sale of the Tanzanian business as well as the temporary closure of the Palanca store in Angola in July 2014 due to a fire. The store is being rebuilt.
The furniture division grew turnover by 13.0% despite the highly competitive market conditions persisting.
The Other Operating segments also achieved satisfactory growth of 13.6%.
The above financial information has not been reviewed or reported on by Shoprite Holdings’ auditors. The financial results for the review period are expected to be published on or about Wednesday, 19 August 2015.
Whitey Basson Carel Goosen
Chief executive Deputy managing director
Tel 021 980 4000
Date issued 15 July 2015
Sponsor Nedbank Capital