MASSMART HOLDINGS LIMITED - Sales Update for the 52 weeks to 25 December 2016

Release Date: 16/01/2017 07:05
Code(s): MSM
Wrap Text
Sales Update for the 52 weeks to 25 December 2016

Massmart Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration Number: 1940/014066/06)
Share code: MSM
ISIN: ZAE000152617
("Massmart" or "the Company")

Sales Update for the 52 weeks to 25 December 2016

Massmart’s total sales for the 52 weeks to 25 December 2016 increased to R91.2 billion,
representing a growth of 7.7% over the prior year 52-week period. Comparable store sales
increased by 5.4%. Product inflation is estimated at 6.7%.

As a general remark on recent trends, there was a slight pick-up in South African sales growth
but a continued decline in non-South African sales growth.
Total (and comparable) sales growths for each Division for the 52-week period, and product
inflation rates, were as follows:

   -   Massdiscounters increased by 5.3% (1.5% comparable) with inflation of 4.8%;

   -   Masswarehouse increased by 11.0% (7.6% comparable) with inflation of 6.5%;

   -   Massbuild increased by 5.6% (1.7% comparable) with inflation of 4.7%;

   -   Masscash increased by 7.5% (7.9% comparable) with inflation of 9.3%.

Massmart’s audited financial results for the 52 weeks to 25 December 2016 will be
released on the Stock Exchange News Service of the JSE Limited on 23 February 2017.

The above information has not been reviewed and reported on by the Company`s external

16 January 2017

Sponsor: Deutsche Securities (SA) Proprietary Limited

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