CARTRACK HOLDINGS LIMITED - Trading Statement

Release Date: 17/04/2018 10:02
Code(s): CTK
 
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Trading Statement

Cartrack Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 2005/036316/06)
JSE share code: CTK
ISIN: ZAE000198305
(“Cartrack” or the “Group”)

Trading statement

Shareholders are advised that Cartrack expects to report growth in earnings per share (“EPS”) and
headline earnings per share (“HEPS”) in excess of 16% for the year ended 28 February 2018 (“FY18”).
Cartrack delivered its most significant subscriber growth numbers during this year, increasing
subscribers by 25% to 751 380. H2-FY18 contributed 84 958 while H1-FY18 contributed 65 812 net
additions. The disparity in subscriber growth and earnings growth is largely attributable to incurred
distribution costs during FY18 while revenues have not been recorded for a full annual revenue cycle.
Cartrack expects the results for the year ended 28 February 2018, expressed as growth on the previous
comparative period, to fall within the following ranges:

                    28 February 2018              28 February 2018           28 February 2017
                Growth on prior period (%)       Expected range (cps)               cps
 HEPS                    16 – 19                     99,8 – 102,3                   86,0
 Basic EPS               16 - 19                     99,1 – 101,6                   85,4


The financial information on which this trading statement is based has not been reviewed or reported
on by the Group’s external auditors.

The Group’s results for the year ended 28 February 2018 are expected to be released on SENS on 24
April 2018.


Johannesburg
17 April 2018

Sponsor: The Standard Bank of South Africa Limited

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