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CASHBUILD LIMITED - Trading Statement

Release Date: 22/08/2024 07:35
Code(s): CSB     PDF:  
Wrap Text
Trading Statement

CASHBUILD LIMITED
(Registration number: 1986/001503/06)
(Incorporated in the Republic of South Africa)
JSE share code: CSB ISIN: ZAE000028320
("Cashbuild" or "the Group")


TRADING STATEMENT


In terms of the Listings Requirements of the JSE Limited, companies are required to publish a trading
statement as soon as they become reasonably certain that the financial results for the period to be reported on
will differ by 20% or more from those of the previous corresponding period.

Shareholders are advised that Cashbuild is currently finalising its audited results for the 53 weeks ended 30
June 2024 ("Financial Year") which are expected to be released on SENS or about 4 September 2024.

Accordingly, shareholders are advised that Cashbuild expects to report:

    -   earnings per share ("EPS") of between 411.2 cents and 365.5 cents for the Financial Year, compared to
        EPS of 456.9 cents reported for the 52 weeks ended 25 June 2023 ("Prior Financial Year"). This
        represents a decrease in EPS of between 10% and 20%; and

    -   headline earnings per share ("HEPS") of between 977.2 cents and 855.1 cents for the Financial Year,
        compared to HEPS of 1 221.5 cents reported for the Prior Financial Year. This represents a decrease in
        HEPS of between 20% and 30%.

The variance between EPS and HEPS noted above is due to the impairment of the remaining P&L Hardware
goodwill and trademark reported in the first half, as well as other store impairments based on the future
outlook within the current constrained economic environment.

Shareholders are advised that the financial information on which this trading statement is based has not been
reviewed or reported on by the Group's auditors.


22 August 2024

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 22-08-2024 07:35:00
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