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Trading statement
Insimbi Industrial Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2002/029821/06)
Share code: ISB ISIN: ZAE000116828
(“Insimbi” or “the Company” or “the Group”)
Trading Statement
Economic and political volatility persisted across most of our markets during the 2020 financial
year. The US China trade stand-off and Brexit continued to impact negatively on markets and
commodity prices. The outbreak of the COVID-19 pandemic in China in December 2019 had a negative
impact on our trading in the fourth quarter of the year under review.
We continued our strategy of growth through acquisition and concluded the acquisition of the Treppo
Group Proprietary Limited on 28 November 2019. The synergies that exist between this operation and
the rest of the Group are expected to have a positive and value accretive impact on the Group’s results
in the future.
Despite the challenging economic environment, Group revenue for the year under review is expected
to be almost 6% up on the comparative period at similar gross margins. However, increased operating
and interest costs saw a decline in profit for the year ended 29 February 2020 compared to the previous
year.
In terms of the JSE Limited Listings Requirements, a listed company is required to publish a trading
statement as soon as it becomes reasonably certain that the financial results for the next period to be
reported on will differ by 20% or more from the financial results for the previous corresponding period.
The Company hereby advises that a reasonable degree of certainty exists for the 12 months ended 29
February 2020 that earnings per share (“EPS”) and headline earnings per share (“HEPS”) are expected
to decrease as follows:
• EPS of between 28% (3.34 cents) and 35% (4.17 cents) compared to 11.93 cents per share for
the period ended 28 February 2019; and
• HEPS of between 20% (2.70 cents) and 28% (3.78 cent) compared to 13.52 cents per share
for the period ended 28 February 2019.
The financial information on which this Trading Statement is based has not been reviewed nor reported
on by the Group’s external auditors.
The Group’s results for the year ended 29 February 2020 will be published on or before 31 July 2020.
16 July 2020
Johannesburg
Sponsor and Corporate Advisor: Bridge Capital Advisors Proprietary Limited
Date: 16-07-2020 10:07:00
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