LEWIS GROUP LIMITED - Trading statement for the financial year ended 31 March 2019
LEW 201905170033A
Trading statement for the financial year ended 31 March 2019
Lewis Group Limited
Registration number: 2004/009817/06
Share code: LEW
ISIN code: ZAE 000058236
("the group")
TRADING STATEMENT FOR THE FINANCIAL YEAR ENDED 31 MARCH 2019
Shareholders are advised that the group's financial results for the year ended 31 March 2019
have benefited from the continued turnaround in the performance of the traditional retail brands
(Lewis, Best Home and Electric, and Beares) as well as the incorporation of the results of United
Furniture Outlets ("UFO") for the full 12 months (compared to two months in the previous year).
The sales performance has been supported by growth in Other Revenue in the second half of the
year.
Costs were again tightly contained below the growth in sales while collection rates and debtors'
costs continue to reflect an improving trend.
Margins have remained stable and within management's target ranges despite increasing
pressure on consumer spending and operating costs over the past year.
These factors have contributed to improved profitability and shareholders are advised that the
group anticipates earnings for the year to be as follows:
12 months
ended 12 months ended
31 March 2018 31 March 2019
Reported Expected range
Earnings per share 306.8 368.2 cps – 383.5 cps 20% to 25% higher
Headline earnings per share 302.6 363.1 cps – 378.3 cps 20% to 25% higher
The financial information contained in this announcement has not been audited, reviewed or
reported on by the group's external auditor.
The group's results for the year ended 31 March 2019 will be released on SENS on Wednesday,
22 May 2019.
Cape Town
17 May 2019
Sponsor: UBS South Africa (Pty) Ltd
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