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Trading update for the 26 week period ended 27 December 2015
Truworths International Limited
(Incorporated in the Republic of South Africa)
(Registration number 1944/017491/06)
JSE Code: TRU
NSX Code: TRW
ISIN: ZAE000028296
TRADING UPDATE FOR THE 26 WEEK PERIOD ENDED 27 DECEMBER 2015
Truworths International Limited (the Group) announces that Group retail sales for the
period increased by 36.0% to R8.5 billion, relative to the corresponding prior period.
These results are inclusive of the non-comparable sales of the recently acquired
Office, Earthchild and Naartjie businesses. Office is the UK-based cash retailer of
footwear in which an 89% stake was acquired by the Group on
4 December 2015. Relative to the corresponding prior period, Group cash sales grew
by 85.2% and Group credit sales by 15.8%, with Group credit sales comprising 60%
of Group retail sales during the period.
Excluding the sales recorded by Office, Earthchild and Naartjie, retail sales for the
period increased by 15.0% to R7.2 billion relative to the corresponding prior period,
with cash sales growth of 15.8% and credit sales growth of 14.7%
Like-for-like store retail sales, which exclude those attributable to the three acquired
businesses, increased by 10.2% for the period, whilst product inflation averaged 9%.
Exclusive of the retail sales attributable to Office, Earthchild and Naartjie, credit sales
comprised 71% (2014: 71%) of retail sales during the period.
Gross trade receivables in repect of the debtors’ book increased to R 6.1 billion and
were 15% higher than at the corresponding prior period-end. The percentage of active
account holders able to purchase remained at 86% compared to the corresponding
prior period-end.
Shareholders are advised that the financial information provided in this update has
neither been reviewed nor reported on by the Group’s external auditors. The Group’s
interim results for the period are scheduled for release on or about Thursday 18
February 2016.
14 January 2016
Cape Town
JSE Sponsor: One Capital
NSX Sponsor: Old Mutual Investment Services (Namibia) (Pty) Ltd
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