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CLS
CLS
CLS - Clicks Group Limited - Trading Update
Clicks Group Limited
(Incorporated in the Republic of South Africa)
Registration number 1996/000645/06
JSE share code: CLS
ISIN: ZAE000134854
("Clicks Group" or "the group")
TRADING UPDATE FOR 18 WEEKS TO 1 JANUARY 2012
- Clicks turnover up 8.1%
- Retail sales up 6.7%
The Clicks chain increased sales by 8.1% in the 18 weeks to 1 January 2012 ("the
period") in a tough trading environment. Comparable sales grew by 4.2% with
selling price inflation of only 0.4%. This particularly impacted the pharmacy
category, with deflation in prescription medicines. 13 new stores were opened
during the period.
Musica`s sales declined 5.2%, driven by significant deflation of 6.3%, as well
as the net closure of 10 stores versus the prior period.
The Body Shop grew sales by 10.1%, benefiting from its loyalty programme and a
stronger gifting range.
Total retail sales increased by 6.7% and by 3.5% on a comparable store basis.
UPD increased wholesale turnover by 3.6%, showing real growth given the faster
growth in sales of lower value generic medicines.
Total sales for the group increased by 4.9% to R5.3 billion.
Group chief executive David Kneale said that a key feature of the reporting
period was selling price deflation, which averaged -0.3% during the period.
"This dampened sales growth across all businesses in the group. In addition,
consumers remain cautious about how they spend their money and this was most
evident in those categories where there was little product innovation".
Turnover analysis by business unit is as follows:
Turnover Turnover Comp- Inflation
18 weeks 18 weeks Total arable 18 weeks
to 1 Jan to 2 Jan sales sales to 1 Jan
2012 2011 growth growth 2012
(Rm) (Rm) (%) (%) (%)
Clicks 3 782.0 3 500.1 8.1 4.2 0.4
Musica 392.3 413.7 (5.2) (3.6) (6.3)
The Body Shop 49.1 44.6 10.1 9.8 (1.0)
Total retail 4 223.4 3 958.4 6.7 3.5 (0.2)
UPD 1 903.2 1 837.5 3.6 (0.4)
Intragroup
turnover (778.1) (698.4) 11.4
Total group 5 348.5 5 097.5 4.9 (0.3)
The financial information in this trading update has not been reviewed or
reported on by the group`s auditors. Clicks Group`s interim results for the six
months to 29 February 2012 will be released on SENS on or about 26 April 2012.
Cape Town
17 January 2012
For further information contact
Tier 1 Investor Relations
Tel: +27 (21) 702 3102
Sponsor
Investec Bank Limited
Date: 17/01/2012 10:00:01 Produced by the JSE SENS Department.
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