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Trading update: 13 weeks to 31 December 2016
THE SPAR GROUP LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1967/001572/06
Share Code: SPP
ISIN: ZAE000058517
(“SPAR” or the “Group”)
TRADING UPDATE: 13 WEEKS TO 31 DECEMBER 2016
The SPAR Group increased sales by 16,9% from R21.9 billion to R25.6 billion for the 13-week trading
quarter ended 31 December 2016 over the comparable period in 2015.
Group sales in South Africa increased by 5,8%, which were adversely impacted by a slow-down in the
building materials business. Excluding the Build It business, the Group sales increased by 6,2%, with
internally measured price inflation of about 8,3%. The Group’s liquor sales remained robust in South
Africa, with sales growth exceeding 11.3%.
SPAR retail sales grew by 6,1% with sales in comparable stores up by 5,2%.
The Group’s Irish business recorded good festive season trading and solid growth across all retail
brands. In constant euro-currency terms, this business increased turnover by 1,5%. However, the
impact of both the significant sterling weakness and the strengthened rand resulted in negative reported
sales growth of -2,6%.
The Group also recognised the first quarter of 2016 sales performance of the Swiss business, SPAR
Holding AG, for the first time. This business was acquired with effect from April 2016. Trading remains
difficult in this market but the Group remains optimistic that the work being done at retail level will
improve the results.
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 financial results for the six months ending 31 March 2017 will be released on SENS on or about
Wednesday, 31 May 2017.
Pinetown
7 February 2017
Sponsor
One Capital
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