NOVUS HOLDINGS LIMITED - Trading statement, award of National Department of Basic Education tender and Media24 print agreement update

Trading statement, award of National Department of Basic Education tender and Media24 print agreement update

Novus Holdings Limited
 (Incorporated in the Republic South Africa)
JSE share code: NVS
ISIN: ZAE000202149
Registration number: 2008/011165/06
(“Novus Holdings”, “the Company” or “the Group”)


TRADING STATEMENT, AWARD OF NATIONAL DEPARTMENT OF BASIC EDUCATION (“DBE”) TENDER
AND MEDIA24 PRINT AGREEMENT UPDATE


Trading update
In accordance with paragraph 3.4(b) of the Listings Requirements of the JSE, shareholders are advised
that the Group is satisfied that a reasonable degree of certainty exists that the financial results to be
reported on for the year ended 31 March 2017 will differ by 20% or more from the financial results of
the previous corresponding reporting period.

Factors that negatively impact the Group’s headlines earnings per share (“HEPS”) relative to the
comparative period include the continuation of tough trading conditions and the resultant negative
impact on print volumes, as well as losses incurred at the tissue operation whilst in the process of
commissioning additional milling capacity. Furthermore, the decrease in earnings per share (“EPS”) is
exacerbated by impairments to be recognised on unutilised production capacity and related equipment.

In the light of the above factors, shareholders are advised that the Group expects its basic EPS and HEPS
for the year ended 31 March 2017 to be lower than the corresponding period by at least 42% and 20%
respectively, or lower by at least 58.6 cents and 28.0 cents respectively, when compared to the reported
EPS of 139.5 cents and HEPS of 139.9 cents for the year ended 31 March 2016.

A further trading statement will be released on or about 02 May 2017, to provide shareholders with
further detail regarding the Company’s earnings forecast ranges for basic EPS and HEPS, as required by
the JSE Listings Requirements.

The financial information on which this trading statement is based has not been reviewed or reported
on by the external auditors of Novus Holdings.

DBE tender award
Novus Holdings confirms that it has been awarded the DBE workbook tender. The Group will continue
the partnership for a three-year period (2018, 2019 and 2020) following the success of the previous
workbook project.

Media24 print agreement
The Group also has an in-principle agreement with Media24 for a new print contract of which further
details will be communicated on once finalised.

                                                                                                       
Results announcement
The Group’s reviewed annual financial results for the period ended 31 March 2017 will be released on
SENS on or about 09 June 2017.


Cape Town
12 April 2017

Sponsor: Investec Bank Limited




                                                                                                  

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