LEWIS GROUP LIMITED - Trading Statement

Trading Statement

Lewis Group Limited
Incorporated in the Republic of South Africa
Registration number: 2004/009817/06
JSE share code: LEW
ISIN: ZAE000058236
Bond code: LEWI
("the group")

TRADING STATEMENT FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2024

Shareholders are advised that the group's financial results for the six months ended 30
September 2024 ("the period") reflect a strong trading and operational performance
from the traditional retail brands of Lewis, Best Home and Electric and Beares, with
continued strong credit sales and robust growth in the debtors book.

The performance has been supported by the growth in other revenue, which continues
to benefit from strong credit sales growth in recent years.

Gross margin has remained stable and within management's target range despite
turbulent sea freight markets.

Operating costs were contained within management's target range while the growth in
insurance service expenses is closely aligned to insurance revenue growth.

Collections have been maintained at near record levels and the quality of the group's
debtors portfolio continued to improve.

These factors have contributed to improved profitability and headline earnings for the
period are expected to be between 35% and 45% higher than the R203.9 million
reported for the prior corresponding period.

Shareholders are advised that the group anticipates earnings for the period to be as
follows:
                                 Six months
                                                             Six months ended
                                    ended
                                30 September
                                                            30 September 2024
                                     2023
                                  Reported                   Expected ranges
 Earnings per share                  355          515 cps – 551 cps     45% - 55% higher

 Headline earnings per
                                     372          540 cps – 577 cps     45% - 55% higher
 share




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The financial information on which this trading statement is based is the
responsibility of the directors and has not been reviewed or reported on by the group's
independent auditor.

The group's financial results for the six months ended 30 September 2024 will be
released on SENS on 21 November 2024.


Cape Town
30 October 2024

Sponsor
The Standard Bank of South Africa Limited

Debt sponsor
Absa Bank Limited acting through its Corporate and Investment Banking Division




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Date: 30-10-2024 07:05:00
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