LEWIS GROUP LIMITED - Lewis Group Limited : Trading Statement for the financial year ended 31 Mar 2019

Lewis Group Limited : Trading Statement for the financial year ended 31 Mar 2019

Lewis Group Limited
Registration number: 2004/009817/06
Share code: LEWI
(“the group”)


TRADING STATEMENT FOR THE FINANCIAL YEAR ENDED 31 MARCH 2019

Shareholders are advised that the group’s financial results for the year ended 31 March 2019
have benefited from the continued turnaround in the performance of the traditional retail brands
(Lewis, Best Home and Electric, and Beares) as well as the incorporation of the results of United
Furniture Outlets (“UFO”) for the full 12 months (compared to two months in the previous year).

The sales performance has been supported by growth in Other Revenue in the second half of the
year.

Costs were again tightly contained below the growth in sales while collection rates and debtors’
costs continue to reflect an improving trend.

Margins have remained stable and within management’s target ranges despite increasing
pressure on consumer spending and operating costs over the past year.

These factors have contributed to improved profitability and shareholders are advised that the
group anticipates earnings for the year to be as follows:

                                  12 months
                                    ended                     12 months ended
                                31 March 2018                  31 March 2019
                                   Reported                    Expected range

 Earnings per share                  306.8        368.2 cps – 383.5 cps   20% to 25% higher

 Headline earnings per share         302.6        363.1 cps – 378.3 cps   20% to 25% higher



The financial information contained in this announcement has not been audited, reviewed or
reported on by the group’s external auditor.

The group’s results for the year ended 31 March 2019 will be released on SENS on Wednesday,
22 May 2019.



Cape Town
17 May 2019
Debt Sponsor

Absa Bank Limited, acting through its Corporate and Investment Banking Division

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