BOWLER METCALF LIMITED - Trading Statement

Trading Statement

BOWLER METCALF LIMITED
(Registration number 1972/005921/06)
Share code: BCF      ISIN number: ZAE000030797
(“Bowler Metcalf” or “the Company”)

TRADING STATEMENT

In terms of rule 3.4(b) of the Listings Requirements of the JSE Limited, a listed company is required
to publish a trading statement as soon as a reasonable degree of certainty exists that the financial
results for the next reporting period to be reported on will differ by at least 20% from those of the
previous corresponding period.

Accordingly, the Company’s earnings and headline earnings per share for the interim period
ended 31 December 2020 is expected to be between 64.9 and 70.3 cents, being between 21.2%
and 31.4% higher compared to earnings per share of 53.5 cents for the six months ended
31 December 2019.

Increased sales volumes compensated for flat margins. Operational efficiencies and initiatives in
warehousing and distribution resulted in cost savings. Improved operating profits were off-set by
lower finance income, mainly as a result of significantly lower interest rates.

The information on which this announcement has been based has not been reviewed or reported
on by the group’s auditors.

Cape Town
1 February 2021

Sponsor
AcaciaCap Advisors Proprietary Limited

Date: 01-02-2021 09:39:00
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