MSM - Massmart Holdings - Sales Update and Trading Statement for the 26 weeks to
MSM
MSM
MSM - Massmart Holdings - Sales Update and Trading Statement for the 26 weeks to
27 December 2009
Massmart Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration Number: 1940/014066/06)
Share code: MSM
ISIN: ZAE000029534
("Massmart" or "the Company")
Sales Update and Trading Statement for the 26 weeks to 27 December 2009
Sales Update
The Group`s total sales for the 26 weeks to 27 December 2009 increased to R24.0
billion, representing growth of 5.6% over the prior period, with year-to-date
inflation estimated at 1.6%. Comparable store sales declined by 0.5%.
Excluding African sales from both periods, the Group`s total sales and
comparable store sales grew by 7.0% and 1.2% respectively.
Total sales growths for each Division for the 26-week period, and the year-to-
date inflation rates, were as follows:
- Massdiscounters grew by 0.5% with inflation of 0.5%;
- Masswarehouse grew by 1.5% with inflation of 5.1%;
- Massbuild grew by 4.6% with inflation of 2.7%; and
- Masscash grew by 13.0% with deflation of 0.4%.
Trading Statement
Headline earnings and headline earnings per share ("HEPS") are both expected to
be between 16% and 24% lower than the prior period`s comparative figures.
Excluding foreign exchange translation amounts in both periods however, headline
earnings and HEPS are both expected to be between 6% and 14% lower than the
prior period`s comparative figures
Earnings and earnings per share for the 26 weeks are both expected to be between
16% and 24% lower than the prior period`s comparative figures.
The above information has not been reviewed or reported on by the Company`s
auditors.
Massmart`s reviewed interim financial results for the 26 weeks to 27 December
2009 will be released on 25 February 2010.
Johannesburg
13 January 2010
Sponsor: Deutsche Securities (SA) (Proprietary) Ltd
Date: 13/01/2010 14:41:07 Produced by the JSE SENS Department.
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