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MSM - Massmart Holdings - Sales Update and Trading Statement for the 26 weeks to

Release Date: 13/01/2010 14:41
Code(s): MSM
Wrap Text

MSM - Massmart Holdings - Sales Update and Trading Statement for the 26 weeks to 27 December 2009 Massmart Holdings Limited (Incorporated in the Republic of South Africa) (Registration Number: 1940/014066/06) Share code: MSM ISIN: ZAE000029534 ("Massmart" or "the Company") Sales Update and Trading Statement for the 26 weeks to 27 December 2009 Sales Update The Group`s total sales for the 26 weeks to 27 December 2009 increased to R24.0 billion, representing growth of 5.6% over the prior period, with year-to-date inflation estimated at 1.6%. Comparable store sales declined by 0.5%. Excluding African sales from both periods, the Group`s total sales and comparable store sales grew by 7.0% and 1.2% respectively. Total sales growths for each Division for the 26-week period, and the year-to- date inflation rates, were as follows: - Massdiscounters grew by 0.5% with inflation of 0.5%; - Masswarehouse grew by 1.5% with inflation of 5.1%; - Massbuild grew by 4.6% with inflation of 2.7%; and - Masscash grew by 13.0% with deflation of 0.4%. Trading Statement Headline earnings and headline earnings per share ("HEPS") are both expected to be between 16% and 24% lower than the prior period`s comparative figures. Excluding foreign exchange translation amounts in both periods however, headline earnings and HEPS are both expected to be between 6% and 14% lower than the prior period`s comparative figures Earnings and earnings per share for the 26 weeks are both expected to be between 16% and 24% lower than the prior period`s comparative figures. The above information has not been reviewed or reported on by the Company`s auditors. Massmart`s reviewed interim financial results for the 26 weeks to 27 December 2009 will be released on 25 February 2010. Johannesburg 13 January 2010 Sponsor: Deutsche Securities (SA) (Proprietary) Ltd Date: 13/01/2010 14:41:07 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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