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Trading update: 17 weeks to 27 January 2018
The SPAR Group Limited
(Incorporated in the Republic of South Africa)
Registration number: 1967/001572/06
Share Code: SPP
ISIN: ZAE000058517
(“SPAR” or the “Group”)
TRADING UPDATE: 17 WEEKS TO 27 JANUARY 2018
The SPAR Group increased sales by 7.0% from R31.6 billion to R33.8 billion for the seventeen (17)
week trading period ended 27 January 2018 (“Period”) when compared to the same period for 2017.
Group sales in South Africa increased by 7.9%, which were positively impacted by the newly acquired
S.Buys pharmaceutical business being recognised for the Period. On a like-for-like basis, the South
African Group sales increased by 6.4%, reflecting the continued weak consumer spend. The core
SPAR business reported sales growth of 5.7% with same-store sales increasing 4.1%. Internally
measured price inflation of about 2.2% decreased substantially from the previous period largely driven
by commodity price deflation. Liquor sales remained strong with growth exceeding 11.1% in an
extremely competitive retail sector. The Build It business reported surprisingly strong results with
sales growth of 7.2%.
The Group’s Irish business once again recorded good festive season trading and solid growth across
all retail brands. In euro currency terms, this business increased turnover by 4.7%. Combined with a
slightly weakened rand this business reported sales growth of 11.1%.
The Swiss business continued to reflect the negative market conditions and sales declined -5.6% in
rand terms (-3.9% in Swiss franc currency). Management is satisfied that the implemented strategy is
starting to show improved results.
Shareholders are advised that the financial information contained in this announcement has not been
audited, reviewed or reported on by the Group’s auditors.
The financial results for the six months ending 31 March 2018 will be released on SENS on or about
Wednesday, 30 May 2018.
By order of the Board
7 February 2018
Sponsor
One Capital
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