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Trading Statement
Sea Harvest Group Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2008/001066/06)
Share code: SHG ISIN: ZAE000240198
(“Sea Harvest” or “the Company” or “the Group”)
Trading statement
Sea Harvest is in the process of finalising its financial results for the year ended 31 December 2019,
which are expected to be released on the Stock Exchange News Service of the JSE Limited (“JSE”) on
or about Monday, 2 March 2020.
In accordance with paragraph 3.4 (b) of the Listings Requirements of the JSE, companies are required
to publish a trading statement as soon as they are reasonably certain that the financial results for the
current period will differ by at least 20% from those of the prior comparative period.
The Group’s financial performance for the year ended 31 December 2019 has benefited from a strong
performance of the South African Fishing operation and a pleasing result from the Ladismith Cheese
operation. Headline earnings for the period are expected to increase by between 42% and 52%, to
between R395 million and R422 million, compared to headline earnings of R278 million reported for the
year ended 31 December 2018.
Accordingly, shareholders are advised that the Group expects to report basic headline earnings per
share (“HEPS”) and basic earnings per share (“EPS”) for the year ended 31 December 2019 of between
143 and 153 cents per share. This represents an increase of between 28% and 37%, compared to the
HEPS of 111.5 cents per share, and between 27% and 36%, compared to the EPS of 112.8 cents per
share, reported for the year ended 31 December 2018.
Shareholders are further advised that the weighted average number of shares (“WANOS”) in issue for
the year ended 31 December 2019 increased to 276 365 749, compared to a WANOS of 249 202 106
for the year ended 31 December 2018. An additional 19 230 769 shares were issued on 2 July 2018
as part of the Viking purchase consideration and 21 428 571 were issued on 7 January 2019, in the
form of a vendor consideration placement in connection with the Ladismith Cheese acquisition.
The financial information on which this trading statement has been based has neither been reviewed
nor reported on by the Company’s external auditors.
Cape Town
18 February 2020
Sponsor
The Standard Bank of South Africa Limited
Date: 18-02-2020 07:05:00
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