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New Clicks Holdings - Trading Update
New Clicks Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1996/000645/06)
JSE share code: NCL
ISIN: ZAE000014585
(`New Clicks` or `the group`)
TRADING UPDATE FOR THE FOUR MONTHS ENDED 31 DECEMBER 2004
Multibrand retailer New Clicks Holdings increased turnover from continuing
operations by 25.0% in the four month period from 1 September to 31 December
2004. This was aided by the inclusion of pharmacy, which was not part of the
group in the prior period.
The group`s retail brands increased sales by 29.9% in total, by 11.1% excluding
pharmacy, and by 9.9% on a same store basis (excluding pharmacy). UPD, the
group`s wholesale pharmaceutical distributor, increased turnover by 34.5%, which
includes R148 million of intragroup sales.
RETAIL BRANDS
Excluding pharmacy, Clicks posted an 8.9% increase in sales with same store
growth at 7.9%. Against an internal selling price deflation of 1%, this
indicates real growth in the brand on a same store basis of 8.9%.
Discom continued its recovery, with a 9.5% increase in total sales. However,
same store sales growth was higher at 9.6%, as Discom closed 13 stores during
the period. Internal selling price inflation was 0.5%.
The Entertainment division showed a strong performance, recovering from a
disappointing prior period and lifting sales by 25.4%. Same store growth was
22.8%.
The Body Shop increased sales by 16.1%, although same store sales declined by
2.2%.
WHOLESALE DISTRIBUTION
UPD has significantly grown its market share owing to a change in market
conditions and a high level of service provided to its customers, resulting in
an increase in turnover of 34.5%.
SUMMARY
A summary of the trading performance of New Clicks for the four months to end
December 2004 is as follows:
R`m Four months ended All Same
31 Dec 31 Dec store store
2004 2003 growth growth
Clicks
(excluding pharmacy) 1 258.6 1 156.0 8.9% 7.9%
Discom 325.3 296.9 9.5% 9.6%
Entertainment 254.2 202.7 25.4% 22.8%
The Body Shop 22.9 19.7 16.1% (2.2%)
Retail excluding Pharmacy 1 861.0 1 675.3 11.1% 9.9%
Pharmacy 314.8 -
Total retail 2 175.8 1 675.3 29.9%
UPD 943.3 701.4 34.5%
Intragroup elimination (148.4) -
Total group 2 970.7 2 376.7 25.0%
Note that discontinued operations sold last year were not taken into account in
calculating any of the abovementioned figures. The above information has not
been reviewed or reported on by the group`s auditors.
New Clicks` interim results for the six months to 28 February 2005 are expected
to be released on SENS on 21 April 2005.
Cape Town
17 January 2005
For further information contact:
Tier 1 Investor Relations
Tel: +27 (21) 702 3102
Sponsor:
Investec Bank Limited
Date: 17/01/2005 12:01:06 PM
Produced by the JSE SENS Department
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