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Fri 13 Jun 2025
Close: 10 948c 
Day's move: -290c (-2.58%)
Volume: 933 283
Trades: 4 079
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Spar - trading statement
The board of directors of SPAR ("Board") has approved an amendment to the Group's financial reporting framework and adopted a 52/26 week reporting period to align with the retail industry best practice.
Continuing operations
In respect of the Group's interim results from continuing operations, Shareholders were advised that the Group expects to report earnings per share ("EPS") and headline earnings per share ("HEPS") for the current reporting period (including the results of SPAR Southern Africa and SPAR Ireland but excluding the results of SPAR Switzerland and AWG, which are reflected as discontinued operations) within the ranges provided;
- Headline earnings per share to be between 0% and 10% lower in the range of between 409.5c per share and 455c per share (2024: 455c per share);
- Diluted headline earnings per share to be between 0% and 10% lower in the range of between 409.4c per share and 454.9c per share (2024: 454.9c per share);
- Earnings per share to be between 5% and 15% lower in the range of between 375.7c per share and 419.9c per share (2024: 442c per share); and
- Diluted earnings per share to be between 5% and 15% lower in the range of between 375.6c per share and 419.8c per share (2024: 441.9c per share).
Earnings guidance from total operations
Shareholders were advised that for total earnings including discontinued operations, EPS and HEPS for the current reporting period are expected to fall within the ranges provided;
- Headline earnings per share to be between 24% and 34% lower in the range of between 276.1c per share and 317.9c per share (2024: 418.3c per share);
- Diluted headline earnings per share to be between 24% and 34% lower in the range of between 275.9c per share and 317.8c per share (2024: 418.1c per share);
- Loss per share to be in the range of between 2 100.5c per share and 2 321.7c per share (2024: earnings per share of 29.5c per share); and
- Diluted loss per share to be in the range of between 2 097.9c per share and 2 318.7c per share (2024: diluted earnings per share of 29.5c per share).
Results presentation
The Results are expected to be published on SENS by 07h30am (SAST) on Wednesday, 4 June 2025 and will be available on SPAR's corporate website shortly thereafter: thespargroup.com/. The Results webcast presentation, hosted by SPAR management, will follow at 09h30am (SAST) on the same day. The webcast will be accessible via the following link: www.corpcam.com/Spar04062025.
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Spar - interim results presentation
SPAR shareholders and other interested parties were invited to join management in discussing the Group's financial results for the 26 weeks* ended 28 March 2025 ("Interim Results") via webcast at 09:30 am (SAST) on Wednesday, 4 June 2025 ("Results Presentation"). The webcast can be accessed via the following link: www.corpcam.com/Spar04062025.
It is anticipated that a recording of the Results Presentation will be available on SPAR's corporate website within 2 hours of the conclusion of the live event.
The Interim Results are expected to be published on SENS at 07:05 am (SAST) on Wednesday, 4 June 2025 and will be available on SPAR's corporate website shortly thereafter: thespargroup.com/.
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Spar - financial assistance
Notice was given that, pursuant to the authority granted to the board of directors of the Company ("Board") at the annual general meeting of the Company held on Friday, 28 February 2025, the Board has adopted a resolution to provide financial assistance to its subsidiary, SPAR Holding AG, in the form of guarantees for a total amount of CHF 44 million (approximately, R975 million), in respect of SPAR Holdings AG's obligations to UBS Switzerland under a Credit Facility Agreement and an Amortising Term Loan, the total value of which exceeds one-tenth of 1% of the Company's net worth.
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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