MSM
MSM
Massmart - Trading Update
Massmart Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1940/014066/06)
(Share code: MSM)
(ISIN: ZAE000029534)
("Massmart" or "the Company")
TRADING UPDATE FOR THE 26 WEEKS TO 25 DECEMBER 2005
Improved sales growth across all divisions from mid-November increased
Massmart"s total sales to R15,8 billion, a growth of 15,3% on 2004. Sales
before acquisitions grew 7,8% and comparable store sales grew 5,2%. With
overall sales inflation of zero, total volume growth of 15,3% was slightly ahead
of merchandise plans.
Divisional sales growth was as follows:
- Massdiscounters (Game and Dion) grew 5,8% with deflation of 3,3%;
- Masswarehouse (Makro) grew 10,3% with zero inflation;
- Massbuild (Builders Warehouse, Federated Timbers, Servistar and De La Rey)
grew 186,5% with inflation of 2,4%;
- Masscash wholesale cash & carry outlets (CBW and Jumbo) grew 10,4% with
inflation of 1.8%; and
- Masscash buying associations (Shield and Furnex) sales (by definition, not
included in comparable store sales) declined by 9,8% with zero inflation,
depressed by the previously announced decision to curtail high volume, low
margin, high risk sales.
Massmart"s interim results to December 2005 will be published on 23rd February
2006 reflecting headline earnings per share growth of between 20% and 30% when
compared to the comparable period for the previous financial year.
The above information has not been reviewed or reported on by the Company"s
Auditors.
10 January 2006
Johannesburg
Sponsor to Massmart:
Deutsche Securities (SA) (Proprietary) Limited
Date: 10/01/2006 02:42:32 PM Produced by the JSE SENS Department
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