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Trading statement
ELB Group Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1930/002553/06)
Share code: ELR
ISIN: ZAE000035101
(“ELB”, “the Company” or “the Group”)
TRADING STATEMENT
In terms of the JSE Limited Listings Requirements companies are required to provide guidance to the market
when they are satisfied that a reasonable degree of certainty exists that the financial results for the current
reporting period will differ by at least 20% from the results of the previous corresponding reporting period.
The anticipated results for the year ended 30 June 2016 reflect the extremely difficult trading conditions
experienced by the Equipment division together with a significant unrealised foreign exchange loss. With the
downturn in the commodity cycle the results of the Engineering Services division have been materially
affected owing to the delay in the award of new projects and the fact that it has also had to fully provide for
the close out of certain projects during the year.
All business divisions have been right-sized to deal with the currently expected trading conditions for the
2017 financial year. The balance sheet remains strong and shareholders will receive a further update in
respect of market conditions when the results for the Group are released on or about 21 September 2016.
Accordingly, shareholders of the Company are advised that:
- earnings per share (“EPS”) for the year ended 30 June 2016 is expected to be at least 200% or 644.6 cents
lower than the EPS of 322.3 cents reported for the year ended 30 June 2015; and
- headline earnings per share (“HEPS”) for the year ended 30 June 2016 is expected to be at least 200% or
642.4 cents lower than the HEPS of 321.2 cents reported for the year ended 30 June 2015.
There is currently insufficient certainty to enable the Group to provide specific guidance as to the eventual
extent of the expected decrease in both EPS and HEPS and it is anticipated that ELB will publish a further
trading statement closer to the release of its annual financial results.
The financial information on which this trading statement is based has not been reviewed and reported on by
the Company’s external auditors.
Johannesburg
2 August 2016
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
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