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Trading update 1 July 2015 to 30 September 2015
Distell Group Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1988/005808/06)
Share code: DST
ISIN: ZAE000028668
("Distell" or “the Company” or “the Group”)
TRADING UPDATE 1 JULY 2015 TO 30 SEPTEMBER 2015
During the first three months (1 July 2015 - 30 September 2015)
of the new financial year ending 30 June 2016, Distell continued
to record strong total revenue growth compared to the same
corresponding period in the previous financial year.
Our domestic South African operations recorded pleasing revenue
growth on the back of growth from our spirits, wine and cider
brand portfolios in an environment curtailed by job cuts and
declines in real consumer spending growth.
In Africa we achieved good revenue growth in Mozambique,
Zimbabwe, Ghana and Nigeria. However, the overall performance of
the region was negatively impacted by Angola due to the macro
economic challenges and higher duties levied once again on
imported products in that country.
North America is showing strong growth, with Europe and Asia
remaining challenging and highly competitive. Our international
operations outside of Africa therefore recorded muted revenue
growth compared to the same period in the prior year.
Trading conditions are expected to remain unpredictable and
volatile domestically and in our traditional international
export markets. The Group continues to invest ahead of income in
key strategic capabilities, including its African expansion
strategy, while driving efficiencies and cost reduction to
protect margins. The financial results for the period were
positively influenced by the weaker rand.
The abovementioned information does not constitute an earnings
forecast and have not been reviewed and reported on by the
Company’s external auditors.
Stellenbosch
28 October 2015
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 28/10/2015 12:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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