Massmart - Investor Profile - Financial Results

Highlights

Sales exceeded R26 billion, 5,8% of which was from 17 foreign stores
In real terms, comparable store and comparable member sales grew 7,5% and sales before acquisitions grew 11,5%, with estimated average deflation of 2,2%
44% of the year’s growth was organic
Trading profit exceeded R1 billion for the first time
Pre- and post-interest trading profit margins increased to 3,80% and 3,72% respectively
Full year cash flow from operations exceeded R1,2 billion
Return on equity increased from 42,8% to 44,6%
The store network was increased to 211 (867 624 m2) with the acquisition and opening of 62 new stores with estimated annual sales of R2,6 billion
Federated Timbers, De La Rey and Servistar were acquired with effect from 1 June 2005
The executive management team was strengthened through a number of new internal and external appointments

Highlights

Sales exceeded R26 billion, 5,8% of which was from 17 foreign stores
In real terms, comparable store and comparable member sales grew 7,5% and sales before acquisitions grew 11,5%, with estimated average deflation of 2,2%
Trading profit exceeded R1 billion for the first time
Pre and post interest trading profit margins increased to 3,80% and 3,72% respectively
Full year cash flow from operations exceeded R1,2 billion
Return on equity increased from 42,8% to 44,6%
The store network was increased to 219

	Published Snapshot June 2005 (237Kb - pdf)

	Published Results June 2005 (86Kb - pdf)

Highlights

Record sales and profits for the period
Real comparable store and comparable member growth of 10,5%
Record pre-interest and stable post-interest operating profit margins of 4,45% and 4,42% respectively
An improvement in rolling twelve-month return on equity from 32,2% to 36,1%
Extending the store network to 168 with the acquisition or opening of 11 new stores with estimated annualised sales of R1,3bn
Foreign operations contributing 6% of sales

	Interim Snapshot to 26 December 2004 (226Kb - pdf)

	Interim Results to 26 December 2004 (476Kb - pdf)

Investor Profile