MASSMART HOLDINGS LIMITED - Sales Update for the 53 weeks to 29 December 2013
MSM 201401150014A
Sales Update for the 53 weeks to 29 December 2013
Massmart Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration Number: 1940/014066/06)
Share code: MSM
ISIN: ZAE000152617
("Massmart" or "the Company" or “Group”)
Sales Update for the 53 weeks to 29 December 2013
For the 53 weeks to 29 December 2013, Massmart’s total sales increased to
R72.2 billion, representing total growth of 9.7% on the 52 weeks to 23
December 2012, with product inflation estimated at 2.7%.
Comparing this year’s 52-week period to the 2012 52–week period shows total
growth of 7.5% and comparable store sales growth of 3.8%.
Total sales growth for each Division for the 53-week period (and comparable
store sales growth for the 52-week period shown in brackets), and the product
inflation rates were as follows:
* Massdiscounters increased by 8.6% (1.0% comparable) with inflation of 0.5%;
* Masswarehouse increased by 14.1% (4.0% comparable) with inflation of 2.1%;
* Massbuild increased by 11.9% (8.2% comparable) with inflation of 4.1%; and
* Masscash increased by 6.5% (3.8% comparable) with inflation of 4.2%.
The estimated net sales lost due to closing the Group’s stores on 15 December
2013 in honour of the late President Nelson Mandela’s burial were
approximately R200 million. These closures affected Group total and
comparable store sales growth for the 52-week period by approximately 0.3%
each. Sales in Massdiscounters were most affected by these closures, while
Masscash was least affected.
The above information has not been reviewed and reported on by the Company`s
auditors.
Johannesburg
15 January 2014
Sponsor: Deutsche Securities (SA) Proprietary Ltd
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