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CASHBUILD LIMITED - Third Quarter Operational Update FY 2024

Release Date: 22/04/2024 13:34
Code(s): CSB     PDF:  
Wrap Text
Third Quarter Operational Update – FY 2024

(Registration number: 1986/001503/06)
(Incorporated in the Republic of South Africa)
ISIN: ZAE000028320
JSE share code: CSB
("Cashbuild" or "the Group")


Cashbuild herewith provides its voluntary quarterly operational update for the third quarter of the 2024
financial year ("third quarter").

Revenue for the third quarter for the Group was up 3% on the third quarter of the prior financial year ("the
comparative period"). For the 312 existing stores (in existence prior to July 2022), revenue increased by
2% and the 9 new stores, contributed 1% growth. This, combined with the results reported in the first half
("half year") equates to a 3% increase in revenue year to date.

Transactions through the tills during the third quarter for the Group increased by 1% to that of the
comparative period, with existing stores remaining at similar levels and new stores contributing 1% growth.

Selling inflation was 2,4% at the end of March 2024 when compared to March 2023.

A revenue performance on a statutory basis per operating segment is reflected in the following table:

 Revenue performance 3rd Quarter FY2024 versus 3rd Quarter FY2023

 Operating Segment                                 Percentage     Total         New         Existing
                                                     of Total    Growth      Growth           Growth
                                                        Sales        %            %                %

 Cashbuild South Africa                   Half Year        83        4           2                 2
                                                 Q3        82        3           1                 2

 Cashbuild Common Monetary Areas          Half Year         6        2           -                 2
                                                 Q3         7        6           -                 6

 Cashbuild Other *                        Half Year         3      (1)           -               (1)
                                                 Q3         3     (11)           -              (11)

 P&L Hardware South Africa                Half Year         8      (7)           1               (8)
                                                 Q3         8        1           1                 -

 Total Group                              Half Year       100        2           1                 1
                                                 Q3       100        3           1                 2
*Botswana and Malawi

No new stores were opened during the third quarter while the Group refurbished one Cashbuild store,
resulting the total number of stores trading at the end of the third quarter remaining at 321.

A store breakdown by operating segment is reflected in the following table:

 Number of stores – end of quarter three Percentage    Total            New        Existing
                                           of total
 Cashbuild South Africa                          74      239              8             231
 Cashbuild Common Monetary Areas                  6       18              -              18
 Cashbuild Other *                                3       11              -              11
 P&L Hardware South Africa                       17       53              1              52
 Total Group                                    100      321              9             312
*Botswana and Malawi

The information contained in this operational update has not been reviewed or reported on by Cashbuild's

22 April 2024

Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 22-04-2024 01:34:00
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