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CLICKS GROUP LIMITED - Trading update for 20 weeks to 18 January 2015

Release Date: 28/01/2015 09:00
Code(s): CLS     PDF:  
Wrap Text
Trading update for 20 weeks to 18 January 2015

Clicks Group Limited
(Incorporated in the Republic of South Africa)
Registration number: 1996/000645/06
JSE share code: CLS
ISIN: ZAE000134854
CUSIP: 18682W205
(“Clicks Group” or “the group”)


TRADING UPDATE FOR 20 WEEKS TO 18 JANUARY 2015

-   Group turnover up 13.9%
-   Clicks sales up 10.3%
-   UPD turnover up 21.0%
-   Group selling price inflation 3.6%

Clicks Group increased sales by 13.9% to R8.2 billion in the 20 weeks to 18
January 2015 (“the period”). Selling price inflation was consistent with the prior
period and averaged 3.6%.

The Clicks chain grew turnover by 10.3%, driven by a well planned promotional
programme which appealed to value conscious consumers.

Clicks showed real volume growth of 3.6% as comparable sales grew by 7.6%
with selling price inflation of 4.0%.

Musica increased sales by 2.0% with same stores sales growth of 1.0%. The
Body Shop grew sales by 10.9% and in comparable stores by 9.0%.

Total retail sales, including Clicks, The Body Shop and Musica, increased by
9.6% and by 7.1% on a comparable store basis, with inflation of 3.8%.

UPD continued to benefit from its growing distribution business and increased
turnover by 21.0%. The business faces ongoing margin pressure from the
increasing generic penetration in the local market.

Chief executive David Kneale said: “Customer behaviour continues to reflect a
shift to shopping later in the festive season, with the group experiencing record
trading in the three days before Christmas. We have also continued to see
buoyant trading in the period after Christmas and into the new year, again driven
by promotions activity.”
Turnover by business unit
                            Total sales Comparable sales      Inflation for the
                            growth (%)       growth (%)            period (%)
Clicks                             10.3              7.6                    4.0
Musica                              2.0              1.0                    1.6
The Body Shop                      10.9              9.0                    4.5
Total retail                        9.6              7.1                    3.8
UPD                                21.0                                     3.2
Intragroup turnover                13.4
Total group                        13.9                                    3.6

The financial information in this trading update has not been reviewed or reported
on by the group’s independent auditor. Clicks Group’s interim results for the six
months to 28 February 2015 will be released on SENS on or about 23 April 2015.

Cape Town
28 January 2015

For further information contact
Tier 1 Investor Relations
Tel: +27 (21) 702 3102

Sponsor
Investec Bank Limited

Date: 28/01/2015 09:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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