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SHOPRITE HOLDINGS LIMITED - Operational Update

Release Date: 29/10/2012 09:00
Code(s): SHP     PDF:  
Wrap Text
Operational Update

SHOPRITE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration no. 1936/007721/06
ISIN: ZAE 000012084
JSE share code: SHP
NSX share code: SRH
LuSE share code: SHOPRITE
(“Shoprite” or “the Group”)


SHOPRITE SHOWS STRONG GROWTH IN FIRST QUARTER

The Shoprite Group has reported strong growth in the first quarter of its 2013 financial year
despite the continuation of depressed market conditions. Total turnover increased by15,6%
compared to 10,8% in the corresponding three months.

The high turnover growth was boosted by a strong performance, by its non-RSA division,
positively influenced by the weakening of the rand, as well as further market share gains in
South Africa.

The Group’s core business, Supermarkets RSA, grew turnover by 12,2% with internal food
inflation averaging 3,6% compared to 4,0% for the corresponding three months in 2011.
Internal food inflation was below the official food inflation of 5,3% and real sales growth of
8.6% was achieved.

Shoprite CEO Whitey Basson said the performance of the Group’s non-RSA operations was
boosted by the opening of 20 new food outlets since October 2011. Of these, eight were
Shoprite supermarkets and 12 were Usave stores. In constant currency terms, turnover growth
for the African operation was 26,4% compared to 13,9% in the corresponding three months.
The increase in rand terms was 34,3% in comparison to 12,7% in 2011.

Although the highly competitive market conditions in which the furniture division traded
remained virtually unchanged, turnover grew 11,9% despite the continuing deflationary
environment. Other divisions in the Group which in addition to OK Franchise include
Medirite and Computicket, grew turnover by 29%.

Basson said that consumers are under increasing pressure, making it difficult to predict
spending patterns going into the festive season.

                                                                                        Ends

ISSUED BY                    DKC (De Kock Communications)

ON BEHALF OF                 Shoprite Holdings (Pty) Ltd

DATE ISSUED                  Monday, 29 October 2012

ENQUIRIES                    Brian Weyers, Shoprite Corporate Marketing Director
                             021 980-4252

                             Ben de Kock, DKC, 021 422 2690



Cape Town

29 October 2012



Sponsor

Nedbank Capital

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