For the year to December 2014:
Total sales up 10.4% (making us the second biggest retailer in Africa)
EBITDA before forex movements up 6.7%
_Operating profit before forex and interest up 4.3%
which had a positive impact on all of our businesses
A good performance from Makro and
Builder’s Warehouse – reflecting improved
efficiencies and the resilience of upper income
consumers in an environment characterised by
low economic growth, inadequate job creation
and persistent inflation
Given the economic environment, middle
income remains a tough place to be operating in;
nevertheless we saw a fair performance from Game
SA and Dionwired. We are confident of that the
turnaround strategies that we have implemented
at Game SA, including the rollout of fresh food, will
translate to continued improved performance
growing retail food proposition and now
has 66 Game stores offering this category.
Warehouse in Mozambique, which has already
achieved exceptional results. Massmart plans
to extend its Builders’ African footprint, which
currently stands at five in Mozambique and
Botswana to other southern African countries.
online, which saw more than 1 million
visitors in the 30 days to mid-December.
… and ultimately improve Group profitability.