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NCL
NCL
NCL - 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 SEVENTEEN WEEKS ENDED 24 DECEMBER 2006
HIGHLIGHTS
- Retail sales up 14.8%
- Same store sales up 14.8%
- Retail internal inflation 1.2%
- Wholesale distribution sales up 12.1%
- Total group sales up 12.7%
TRADING PERFORMANCE
Specialist retailer New Clicks increased sales by 12.7% in the seventeen weeks
to 24 December 2006 ("the period").
The group`s retail brands enjoyed strong trading during the period, including
Christmas, with sales up by 14.8%. Comparable store growth was also 14.8%. All
the brands showed real volume growth, with internal retail inflation measured at
a modest 1.2%. UPD, the group`s wholesale pharmaceutical distributor, increased
sales by 12.1%.
The business unit split is as follows:
Seventeen Seventeen Total Same Infla-
weeks to weeks to sales store tion/
24 24 growth sales (defla-
December December (%) growth tion)
2006 (Rm) 2005 (Rm) (%) (%)
Clicks 1 937.7 1 697.5 14.2 15.3 1.7
Discom 419.0 362.9 15.5 13.9 0.1
Musica 353.6 304.1 16.3 12.8 (0.6)
The Body Shop 31.4 23.9 31.4 21.2
Total retail 2 741.7 2 388.4 14.8 14.8 1.2
UPD 1 376.7 1 228.5 12.1 0.5
Less inter-
company sales (264.2) (198.0) 33.4
Total group 3 854.2 3 418.9 12.7 1.0
RETAIL BRANDS
Clicks grew sales by 14.2% for the period, with same store sales rising by
15.3%. The total store sales growth is lower than same store sales growth owing
to the closure of a number of stores during the previous financial year. The
business experienced internal selling price inflation of 1.7% for the period.
Discom showed an increase of 15.5% in total sales, while comparable store sales
growth was 13.9%. Internal selling price inflation for the period was measured
at 0.1%.
Musica lifted total sales by 16.3%, boosted by the opening of net eight new
stores. Same store growth for the period was 12.8%. Internal selling price
deflation for the period was measured at 0.6%.
Sales of The Body Shop were 31.4% higher than the corresponding period, with
same store sales up at 21.2%.
WHOLESALE DISTRIBUTION
UPD`s sales growth was 12.1% for the period with inflation measured at 0.5%.
Growth has slowed from last year, in line with expectations, as UPD has now
anniversaried one of the major hospital supply contracts.
GENERAL
The information contained in this trading update has not been reviewed or
reported on by the group`s auditors. New Clicks` interim results for the six
months to 28 February 2007 will be released on SENS on or about 9 May 2007.
Cape Town
17 January 2007
For further information contact
Tier 1 Investor Relations
Tel +27 (21) 702-3102
Sponsor
Investec Bank Limited
Date: 17/01/2007 10:52:29 Produced by the JSE SENS Department.
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