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Voluntary trading update for the 52 weeks ended 29 June 2014
Truworths International Limited
(Incorporated in the Republic of South Africa)
(Registration number 1944/017491/06)
JSE Code: TRU
NSX Code: TRW
ISIN: ZAE000028296
VOLUNTARY TRADING UPDATE FOR THE 52 WEEKS ENDED 29 JUNE 2014
Truworths International Limited (the “Group”) announces that Group retail sales for the 52
weeks until 29 June 2014 (“the period”) increased by 6.8% to R 10.8 billion, compared to a
10.7% increase in the corresponding prior period, with credit sales growth of 5% and cash
sales growth of 11%.
Like-for-like store retail sales reflected an increase of 0.6%, product inflation averaged 9%,
and trading space increased by 10.3% relative to the prior corresponding period-end. Credit
sales comprised 71% of retail sales (2013: 72%) during the period.
The trade receivables book has increased by 11.8% over the corresponding prior period-end
to R 4.7 billion. As a result of strategic credit-related decisions taken during the prevailing
tough market conditions, growth in trade receivable costs slowed in the second half of the
period. The period saw continued movement from the 6 month interest free payment plan to
longer term interest bearing payment plans.
Shareholders are advised that this update does not constitute an earnings forecast, and that
the financial information provided herein has neither been reviewed nor reported on by the
external auditors. The Group’s final audited results for the 52 week period ending 29 June
2014 are scheduled for release on or about Thursday, 21 August 2014.
18 July 2014
Cape Town
JSE Sponsor: One Capital
NSX Sponsor: Old Mutual Investment Services (Namibia) (Pty) Ltd
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