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CLS - Clicks Group Limited - Trading Update

Release Date: 17/01/2012 10:00
Code(s): CLS
Wrap Text

CLS - Clicks Group Limited - Trading Update Clicks Group Limited (Incorporated in the Republic of South Africa) Registration number 1996/000645/06 JSE share code: CLS ISIN: ZAE000134854 ("Clicks Group" or "the group") TRADING UPDATE FOR 18 WEEKS TO 1 JANUARY 2012 - Clicks turnover up 8.1% - Retail sales up 6.7% The Clicks chain increased sales by 8.1% in the 18 weeks to 1 January 2012 ("the period") in a tough trading environment. Comparable sales grew by 4.2% with selling price inflation of only 0.4%. This particularly impacted the pharmacy category, with deflation in prescription medicines. 13 new stores were opened during the period. Musica`s sales declined 5.2%, driven by significant deflation of 6.3%, as well as the net closure of 10 stores versus the prior period. The Body Shop grew sales by 10.1%, benefiting from its loyalty programme and a stronger gifting range. Total retail sales increased by 6.7% and by 3.5% on a comparable store basis. UPD increased wholesale turnover by 3.6%, showing real growth given the faster growth in sales of lower value generic medicines. Total sales for the group increased by 4.9% to R5.3 billion. Group chief executive David Kneale said that a key feature of the reporting period was selling price deflation, which averaged -0.3% during the period. "This dampened sales growth across all businesses in the group. In addition, consumers remain cautious about how they spend their money and this was most evident in those categories where there was little product innovation". Turnover analysis by business unit is as follows: Turnover Turnover Comp- Inflation 18 weeks 18 weeks Total arable 18 weeks to 1 Jan to 2 Jan sales sales to 1 Jan
2012 2011 growth growth 2012 (Rm) (Rm) (%) (%) (%) Clicks 3 782.0 3 500.1 8.1 4.2 0.4 Musica 392.3 413.7 (5.2) (3.6) (6.3) The Body Shop 49.1 44.6 10.1 9.8 (1.0) Total retail 4 223.4 3 958.4 6.7 3.5 (0.2) UPD 1 903.2 1 837.5 3.6 (0.4) Intragroup turnover (778.1) (698.4) 11.4 Total group 5 348.5 5 097.5 4.9 (0.3) The financial information in this trading update has not been reviewed or reported on by the group`s auditors. Clicks Group`s interim results for the six months to 29 February 2012 will be released on SENS on or about 26 April 2012. Cape Town 17 January 2012 For further information contact Tier 1 Investor Relations Tel: +27 (21) 702 3102 Sponsor Investec Bank Limited Date: 17/01/2012 10:00:01 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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