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Business update
Truworths International Limited
(Incorporated in the Republic of South Africa)
(Registration number 1944/017491/06)
JSE Code: TRU
NSX Code: TRW
ISIN: ZAE000028296
BUSINESS UPDATE
Truworths International Limited (the “Group”) announces that Group retail sales for
the first 26 weeks (30 June 2014 until 28 December 2014) (the “Period”) of the
2015 financial period increased by 5.2% to R6.2 billion over the prior corresponding
period (i.e. 30 June 2013 until 28 December 2013), with credit sales growth of
5.4% and cash sales growth of 4.7%. Credit sales comprised 71% of retail sales
(2014: 71%) during the period.
Product inflation averaged 5.8%, and trading space increased by 6.9% relative to
the prior corresponding period. Like-for-like retail sales declined by 0.8 percent
compared to the prior corresponding period. The trade receivables book has
increased by 8.5% over the prior corresponding period-end to R5.4 billion.
The Group continues to utilise its extensive experience to manage the risk of fashion
through its proven merchandise design and buying processes, and manage credit
risk through the ongoing application of strategies to ensure the health of the
debtors’ book.
Shareholders are advised that this update does not constitute an earnings forecast,
and that the financial information provided has neither been reviewed nor reported
on by the external auditors. The Group’s interim results for the period are scheduled
for release on or about Thursday, 19 February 2015.
13 January 2015
Cape Town
JSE Sponsor: One Capital
NSX Sponsor: Old Mutual Investment Services (Namibia) (Pty) Ltd
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