DIS-CHEM PHARMACIES LIMITED - Trading Update for the 22 weeks to 2 February 2018

Release Date: 15/02/2018 08:30
Code(s): DCP
 
Wrap Text
Trading Update for the 22 weeks to 2 February 2018

Dis-Chem Pharmacies Limited
(Incorporated in the Republic of South Africa)
(Registration number 2005/009766/06)
JSE share code: DCP
ISIN: ZAE000227831
(“Dis-Chem” or the “Group”)

Trading Update for the 22 weeks to 2 February 2018

- Retail turnover up 14.2% to R7.9 billion
- Group turnover up 13.1% to R8.5 billion

The retail segment of Dis-Chem’s business (“Retail Business”) increased turnover by 14.2% for the 22
weeks to 2 February 2018 over the comparable period (“the period”). Comparable store growth and
sales price inflation for the period were 5.5% and 2.5%, respectively.

Comparable store growth was heavily impacted by the extent of new space added in the current
reporting period - an additional 30 stores were added in the 22 weeks to the 2 February 2018 relative
to the comparable period as Dis-Chem grew its presence in underrepresented markets.

Over the same period, the Group’s wholesale segment increased turnover by 19.0%.

Total Group turnover, grew by 13.1% to R8.5 billion.

Segmental Turnover Analysis below:

                                    Total Turnover Growth (%)          Sales price inflation for the
                                                                       period (%)
 Retail Business                    14.2%                              2.5%
 Wholesale                          19.0%
 Intragroup                         21.8%
 Total Group                        13.1%

Ivan Saltzman, Chief Executive, said “We are comfortable that the industry fundamentals and the Dis–
Chem brand positioning, the focus of which remains on an unrivalled pharmacy offering, dedicated
front shop service and a differentiated stock range, continues to allow us to trade well through
challenging market conditions.”

“We expect that price inflation will be at lower levels in 2018 as a result of the announced SEP increase
of 1.26%. Supported by our store roll out strategy, we remain focussed on ensuring we continue to
grow our market shares in the categories that we serve”.

The financial information in this trading update has not been reviewed or reported on by the Group’s
independent auditor.

For further information, contact our Investor Relations on investorrelations@dischem.co.za.

Midrand
15 February 2017

Sponsor
The Standard Bank of South Africa Limited

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