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Third quarter operational update – FY 2023
CASHBUILD LIMITED
(Registration number: 1986/001503/06)
(Incorporated in the Republic of South Africa)
JSE share code: CSB ISIN: ZAE000028320
(“Cashbuild” or “the Group”)
THIRD QUARTER OPERATIONAL UPDATE – FY 2023
Cashbuild herewith provides its voluntary quarterly operational update.
Revenue for the third quarter of the 2023 financial year (“third quarter”) for the Cashbuild Group was down
9% when compared to the third quarter of the prior financial year (“the comparative period” or “Q3 FY2022”).
For the 309 existing stores (in existence prior to July 2021), revenue decreased by 10% and the 8 new stores
contributed 1% growth. This, combined with the results reported in the first half (“HY2023”) of a 4%
reduction in revenue (9% reduction excluding the stores looted in FY2022), equates to a decrease in revenue
for the year to date of 6% (9% reduction excluding the stores looted in FY2022).
Transactions through the tills during the third quarter for the Cashbuild Group decreased by 12% to that of the
comparative period, with existing stores decreasing by 13% and new stores contributing 1% growth.
Selling inflation was 6,0% at the end of March 2023 when compared to March 2022.
A revenue performance on a statutory basis per operating segment is reflected in the following table:
Revenue performance 3rd Quarter FY2023 versus 3rd Quarter FY2022
Operating Segment Percentage Total New Existing
of Total Growth Growth Growth
Sales % % %
Cashbuild South Africa Half Year 81 (3) 1 (4)
Q3 81 (9) 2 (11)
Cashbuild Common Monetary Areas Half Year 7 (8) - (8)
Q3 6 (7) - (7)
Cashbuild Other * Half Year 4 (8) - (8)
Q3 5 (1) - (1)
P&L Hardware South Africa Half Year 8 (10) - (10)
Q3 8 (15) - (15)
Total Group Half Year 100 (4) 1 (5)
Q3 100 (9) 1 (10)
*Botswana and Malawi (The comparative period included Zambia which has since been closed.)
For the third quarter the Group opened one new Cashbuild store, bringing the total number of stores trading at
the end of the third quarter to 317.
A store breakdown by operating segment is reflected in the following table:
Number of stores – end of quarter Percentage Total New Existing
three of total
Cashbuild South Africa 74 235 8 227
Cashbuild Common Monetary Areas 6 18 - 18
Cashbuild Other * 3 11 - 11
P&L Hardware South Africa 17 53 - 53
Total Group 100 317 8 309
*Botswana and Malawi
The pro forma stores looted information referred to above is the responsibility of the directors of Cashbuild,
has been prepared for illustrative purposes only and because of its nature, may not fairly present the financial
position of the Company. In addition, the information contained in this operational update has not been
reviewed or reported on by Cashbuild’s auditors.
21 April 2023
Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited
Date: 21-04-2023 02:20:00
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