THE BIDVEST GROUP LIMITED - Trading Statement

Release Date: 22/08/2018 14:00
Code(s): BVT
 
Wrap Text
Trading Statement

THE BIDVEST GROUP LIMITED
(“Bidvest” or “The Group”)
(Incorporated in the Republic of South Africa)
(Registration number 1946/021180/06)
JSE Share code: BVT
ISIN: ZAE000117321

TRADING STATEMENT


In accordance with Section 3.4(b) (i) of the JSE Listings Requirements, listed companies are required to publish
a trading statement as soon as they become reasonably certain that the financial results for the period to be
reported will differ by at least 20% from those of the previous corresponding period. Shareholders are advised
that:


-   The normalised headline earnings per share (HEPS) for the year to 30 June 2018 is expected to be between
    11% and 14% higher than the prior year (2017: 1 115.4 cents), translating into normalised HEPS of between
    1 238 cents and 1 272 cents. Normalised HEPS, which excludes acquisition costs and amortisation of
    acquired customer contracts, is a measurement management uses to assess the underlying business
    performance.
-   The HEPS for the year to 30 June 2018 is expected to be between 10% and 12% higher than the prior year
    (2017: 1 108.2 cents), translating into HEPS of between 1 219 cents and 1 241 cents.
-   Basic earnings per share (EPS) for the year to 30 June 2018 is expected to be between 19% and 22% lower,
    translating into EPS of between 1 116 cents and 1 159 cents, when compared to the previous twelve months
    (2017: 1 430.3 cents). This is primarily due to a contraction in the share prices of our associates, Adcock
    Ingram and Comair, compared to material share price increases in the prior year.


The financial information on which this trading statement is based has not been reviewed and reported on by
the Group’s auditors. The Group expects its results for the year ended 30 June 2018 to be released on SENS on
or about the 3rd of September 2018.


Date: 22 August 2018

Johannesburg
Sponsor: Investec Bank Limited

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