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ASCENDIS HEALTH LIMITED - Trading Update

Release Date: 02/09/2014 10:50
Code(s): ASC     PDF:  
Wrap Text
Trading Update

ASCENDIS HEALTH LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2008/005856/06)
ISIN: ZAE000185005 JSE share code: ASC
(“Ascendis” or “the Company”)

VOLUNTARY TRADING UPDATE AND NOTICE OF UPDATE REGARDING THE EXPECTED
RELEASE OF AUDITED ANNUAL RESULTS

Ascendis expects to announce that statutory headline earnings per share and earnings per share for
the full year ended 30 June 2014 are expected to be between 64 – 67 cents per share compared to
the forecast information of 55 cents contained in the pre-listing statement.

The table below is provided to illustrate the comparatives:

                                      June 2014                    Forecast Financial Information
                                                                    (Prelisting Statement) June
                                                                                 2014
Revenue                       R1.58 billion – R1.63 billion                  R1.67 billion
Operating profit              R213 million – R217 million                    R186 million
Operating margin                 Approximately 13.3%                            11.2%
Earnings and                  R137 million – R142 million                    R112 million
headline earnings

Highlights:

    •     Exceeded prelisting profit forecast
    •     Concluded acquistions totalling R1.4 billion since July 2013
    •     Concluded BEE transaction

Shareholders are advised that the above information has not been reviewed or reported on by the
Company's auditors and that the Company’s audited results for the year ended 30 June 2014 are
expected to be published on SENS on or about 9 September 2014.


2 September 2014

Johannesburg




Sponsor

Investec Bank Limited

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