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Trading update provided at AGM
Lewis Group Limited
Incorporated in the Republic of South Africa)
Registration number: 2004/009817/06)
JSE share code LEW
ISIN: ZAE000058236
("Lewis" or "the company")
Annual General Meeting trading update
At the group’s annual general meeting held today the Chief Executive Officer, Johan Enslin,
presented the following trading update:
“Trading for the quarter ended 30 June 2013 (“the period”) remained challenging with continued
uncertainty in the labour market and rising unemployment fuelling the cautious outlook of
consumers in the group’s target market.
Merchandise sales growth for the period was in line with last year while revenue was 4.7% higher
owing to the increased financial services income resulting from higher levels of credit sales and
longer dated contracts.
The credit collection environment has become increasingly tough and the productivity of credit
staff at stores remains a key focus. Debtor costs for the period totalled R156.6 million which
amounts to 2.7% of net debtors. This percentage is in line with the corresponding period last
year.
Management expects current trading conditions to continue for the remainder of the financial
year.”
Cape Town
16 August 2013
Sponsor: UBS South Africa (Pty) Ltd
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