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THE SPAR GROUP LIMITED - Trading update: 18 weeks to 30 January 2016

Release Date: 09/02/2016 16:40
Code(s): SPP     PDF:  
Wrap Text
Trading update: 18 weeks to 30 January 2016

THE SPAR GROUP LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1967/001572/06
Share Code: SPP
ISIN: ZAE000058517
(the “Group”)

TRADING UPDATE: 18 WEEKS TO 30 JANUARY 2016

The Group increased sales by 14,1% from R24,5 billion to R28,0 billion for the 18-week trading
period ended 30 January 2016, over the comparable period in 2015. Excluding the impact of the
BWG Group (“SPAR Ireland”), Group sales in South Africa increased by 8,4%, with internally
measured price inflation of 3,9%. Sales in comparable stores grew 7,5% locally.

SPAR Ireland reported sales growth of 36,6%, reflecting both the impact of the acquisition of the
ADM Londis business in July 2015 and the devaluation of the Rand. In local currency the SPAR
Ireland business increased turnover by 17,8%.

The Group’s Build It business showed strong sales growth of 14,6%, with large contributions by
the performance of the brand in neighbouring countries.

The Group’s liquor sales remained robust in South Africa, with sales growth exceeding 12,5%.

Shareholders are advised that the financial information contained in this announcement has not
been audited, reviewed or reported on by the Group’s auditors.

The Group’s financial results for the six months ending 31 March 2016 will be released on
SENS on or about Wednesday, 18 May 2016.


Pinetown
9 February 2016

Sponsor
One Capital

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