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Fourth quarter operational update - FY2017
CASHBUILD LIMITED
(Registration number: 1986/001503/06)
(Incorporated in the Republic of South Africa)
JSE share code: CSB ISIN: ZAE000028320
(“Cashbuild” or “the Group”)
FOURTH QUARTER OPERATIONAL UPDATE – FY 2017
In line with past practice and disclosure, Cashbuild herewith provides its quarterly
operational update.
Revenue for the Group, including P&L Hardware stores was up 10% on the fourth quarter
from the prior financial year. P&L Hardware stores contributed 8% and new stores (23 stores
opened since July 2015) contributed 4% of the increase, while existing stores (219 stores,
plus the 9 Cashbuild DIY pilot stores) decreased by 2%. The growth for the fourth quarter
together with the growth of the previous quarters, equates to an increase in revenue for the
financial year of 12% when compared to the prior year, with 10% contributed by P&L
Hardware stores, 4% from new stores with existing stores declining by 2%.
Transactions through our tills during the fourth quarter increased by 5% compared to the
fourth quarter of the prior financial year. P&L Hardware stores contributed 7%, new stores
contributed an increase of 4% while existing stores decreased by 6% when compared to the
fourth quarter of the prior year.
Total units sold for the fourth quarter increased by 10% to the prior year. P&L Hardware
stores contributed 6%, new stores contributed an increase of 4% while existing stores
remained at similar levels when compared to the fourth quarter of the prior year.
Three new stores were opened during this quarter and nine stores were refurbished bringing
the number of stores trading at the end of the financial year to 297, which includes the 46
P&L Hardware stores and the 9 Cashbuild DIY pilot stores.
Selling inflation was at 2% at the end of June 2017 when compared to June 2016. Gross
profit percentage margin is in line with that reported at the half year while operating expenses
remained well controlled.
Detail per region
The breakdown per region of the factual information given in the update above is reflected in
the following three tables:
Revenue increase on prior year. Total P&L New Exist- Percen-
Growth Hardware ing tage of
total sales
% % % % %
Cashbuild Group Half year 15 11 4 - 100
Q3* 9 10 4 (5) 100
Q4 10 8 4 (2) 100
Full year 12 10 4 (2) 100
South Africa Half year 16 12 3 1 90
Q3* 13 13 4 (4) 90
Q4 12 9 4 (1) 90
Full year 14 11 4 (1) 90
Lesotho Half year (5) - - (5) 1
Q3 (8) - - (8) 1
Q4 1 - - 1 1
Full year (4) - - (4) 1
Namibia Half year 4 - 11 (7) 2
Q3 (8) - 17 (25) 2
Q4 (10) - 18 (28) 2
Full year (2) - 14 (16) 2
Swaziland Half year 3 - - 3 3
Q3 (2) - - (2) 3
Q4 5 - - 5 3
Full year 2 - - 2 3
Botswana(in Rand) Half year - - 4 (4) 3
Q3 (20) - 10 (30) 3
Q4 (11) - 6 (17) 3
Full year (8) - 5 (13) 3
Botswana(in Pula) Q3 (9) - 7 (16) 3
Q4 (2) - 7 (9) 3
Malawi(in Rand) Half year 14 - - 14 1
Q3 (26) - - (26) 1
Q4 (23) - - (23) 1
Full year (7) - - (7) 1
Malawi(in Kwacha) Q3 (6) - - (6) -
Q4 (6) - - (6) -
* Q3 P&L Hardware information have been updated to correctly reflect the contribution to the Group result.
Transaction increase on prior year. Total P&L New Existing
Growth Hardware stores stores
% % % %
Cashbuild Group Half year 9 9 3 (3)
Q3 8 10 3 (5)
Q4 5 7 4 (6)
Full year 8 9 3 (4)
Number of stores – end of quarter Total P&L New Existing Percentage
Hardware of total
%
South Africa 259 46 21 192 87
Lesotho 5 - - 5 2
Namibia 4 - 1 3 1
Swaziland 7 - - 7 2
Botswana 11 - 1 10 4
Malawi 2 - - 2 1
DIY Pilot stores 9 - - 9 3
Total 297 46 23 228 100
Prospects
Management expect trading conditions to remain competitive into the new financial year.
Sponsor
Nedbank Corporate and Investment Banking
24 July 2017
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