CLICKS GROUP LIMITED - Trading statement for the year ended 31 August 2019

Trading statement for the year ended 31 August 2019

Clicks Group Limited
(Incorporated in the Republic of South Africa)
Registration number: 1996/000645/06
JSE share code: CLS
ISIN: ZAE000134854
CUSIP: 18682W205
(“the group”)

TRADING STATEMENT FOR THE YEAR ENDED 31 AUGUST 2019

At the time of the release of the group’s interim results on 17 April 2019,
shareholders were advised via SENS that diluted headline earnings per share
(HEPS) for the year ending 31 August 2019 (“the period”) was forecast to
increase by between 10% and 15% over the 2018 financial year.

Following a stronger retail performance by Clicks in the second half, UPD
benefiting from gaining new distribution contracts and further improvements in
working capital management across the business, the group is revising its
earnings forecast range upwards.

The directors now expect that diluted HEPS for the period will increase by
between 15% and 18% over the 2018 financial year, to between 661.6 and 678.9
cents.

Shareholders should note that diluted HEPS for the 2018 financial year was
restated to 575.3 cents following the adoption of IFRS 9 and IFRS 15.

Clicks Group’s annual results for the year ended 31 August 2019 will be released
on SENS on Thursday, 24 October 2019.

The financial information in this trading statement has not been reviewed or
reported on by the group’s independent auditor.


Cape Town
7 October 2019

Sponsor
Investec Bank Limited

Date: 07/10/2019 08:00:00
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