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Financial Results

Reviewed Interim Consolidated results for the 26 weeks ended 25 June 2017

Highlights

  • Total Sales growth of 0.5%
  • Operating expenses decrease of 0.2%
  • Operating profit before interest decrease of 6.6%
  • Headline earnings increased by 2.5%

 

 


Integrated Annual Report 2016

Highlights

  • Total Sales increased by 7.7% to R91.3 billion
  • Operating profit before interest increased by 15.5% to R2.5 billion
  • Headline earnings increased by 15.6% to R2.5 billion

View the Massmart Integrated Annual Report for the year ended December 2016

 


Results for the 52 weeks ended 25 December 2016

Highlights

  • Total sales growth of 7.7%
  • Comparable sales growth of 5.4%
  • Operating profit before interest increased by 15.5%
  • Headline earnings increased by 15.6%
  • HEPS increased by 15.8%

 

 


Reviewed Interim Consolidated results for the 26 weeks ended 26 June 2016

Highlights

  • Total Sales growth of 8.7%
  • Comparable sales growth of 6.4%
  • Trading profit before foreign exchange movements and interest increased by 13.5%
  • Headline earnings before foreign exchange (taxed) increased by 14.2%
  • HEPS before foreign exchange (taxed) increased by 14.5%

 

 


 

Annual report 2015

Highlights

  • Total Sales increased by 8.4 percent to R84,7bn
  • Operating profit before foreign exchange movements (taxed) and interest increased by 21.5 percent to R2,5bn
  • Return on Equity before foreign exchange (taxed) up from 21.7 percent to 22.4%

View the Massmart Integrated Annual Report for the year ended December 2015

 


Reviewed Consolidated results for the 52 weeks ended 27 December 2015

Highlights

  • Total Sales growth of 8.4%
  • Comparable sales growth of 6.7%
  • Operating profit before foreign exchange movements and interest increased by 14.1%
  • Headline earnings before foreign exchange (taxed) increased by 7.7%
  • HEPS before foreign exchange (taxed) increased by 7.8%

 

 


Analyst Store Visit 2015

 

Reviewed Interim Consolidated results for the 26 weeks ended 28 June 2015

Highlights

  • Total Sales growth of 9.1%
  • Comparable sales growth of 6.9%
  • Operating profit before foreign exchange movements and interest increased by 12.7%
  • Headline earnings before foreign exchange (taxed) decreased by 3.9%

 

 


 

Annual report 2014

Highlights

  • Total sales up by 10.4%
  • EBITDA before forex movements up 6.7%
  • Operating profit before forex and interest up 4.3%

View the Massmart Annual Report 2014 website

 


Reviewed Consolidated Results for the 52 weeks ended 28 December 2014

Highlights

  • Total Sales growth of 10.4%
  • Comparable sales growth of 7.5%
  • Operating profit before foreign exchange movements and interest increased by 4.3%
  • Earnings before interest, tax, depreciation, amortisation and impairments (EBITDA) increased by 6.7%
  • Headline earnings before foreign exchange (taxed) decreased by 3.5%

 

 


Reviewed Consolidated Results for the 26 weeks ended 29 June 2014

Highlights

  • Total sales growth increased to 10.2%
  • Comparable sales growth increased to 7.1%
  • Operating profit before foreign exchange movements and interest decreased by 3.8%
  • Headline earnings before foreign exchange (taxed) decreased by 5.7%

 

 


Reviewed Consolidated Results for the 53 weeks ended 29 December 2013

Highlights

  • Total sales up 9.8%
  • Comparable sales up 3.8%
  • 275 cents dividend per share
  • African operations sales up 16.6%

 

 


 

Reviewed consolidated results for the 26 weeks ended 23 June 2013

Highlights

  • Sales up by 8.9% to R32,369 million
  • Cash utilised by operations up by 30.3%
  • Operating profit before Forex down by 1.0% to R730 million
  • Headline earnings before Forex down by 9.4% to R392 million
  • Headline EPS before Forex down by 9.9% to 818 cents
  • Dividend per share of 146 cents

 


 

Annual report 2013

Highlights

  • Sales up by 9.8%
  • Operating profit before forex up by 7.5%
  • Headline earnings before forex up by 7.7%

 

 

Integrated Annual Report: December 2012

Highlights

  • Total sales up by 14.7%
  • Operating profit before Walmart costs and Forex up by 6.1%
  • Return on equity down by 3.4%

 

 


 

Reviewed consolidated results for the 26 weeks ended 23 December 2012

Highlights

  • Total sales up by 14.7%
  • Sales up by 14.7% to R36,123 million
  • 21.3% decrease in cash generated from operations to R2,818 million
  • Operating profit before Walmart costs and Forex up by 6.1% to R1,407 million
  • Headline earnings before Walmart costs and Forex up by 5.8% to R917 million
  • Headline EPS before Walmart costs and Profit up by 5.3% to 424 cents
  • Dividend per share up by 9.1% to 275 cents

 

 


 

Annual report 2012

Highlights

  • Total sales up by 15.6%
  • Operating profit up by 3.7%
  • Return on equity down by 0.9%

 

 


 

Financial Results for the 52 weeks ending 24 June 2012

Highlights

  • Sales up by 15.6%, headline earnings up 38%
  • 62.8% increase in cash generated from operations to R2.7 billion
  • 25 new stores opened, 15 acquired
  • 4964 new Full Time Equivalent (FTE) positions created
  • Level 4 BBBEE status maintained

 

 


 

Interim results to 25 December 2011

Highlights

  • For the 26 weeks to 26 December 2010 total sales increased by +15.0% to R31,49m
  • Operating Profit before before foreign exchange movements +4.8% to R1,326m
  • Cash generated from operations +60.4% to R3,580m
  • Headline EPS +13.7% to 416cents

 

Annual Report 2011

Highlights

  • Total sales up 11.6% to 52,950.1m
  • Operating profit before transaction costs up 10.3% to R2,058.7m
  • Return on equity down from 34.9% to 33.7%

 

 


 

Final Results for the week ended 26 June 2011

Highlights

  • For the 52 weeks to 26 June 2010 total sales increased by 11.6% to R52,950m
  • Operating Profit before before transaction costs +10.3% to 2,059m
  • Cash generated from operations -28,8% to 1,878m
  • Headline EPS before transaction costs +8.5% to 616cents
  • Dividend per share 386cents unchanged

 

 


 

Interim results to 26 December 2010

Highlights

  • For the 26 weeks to 26 December 2009 total sales increased by 13.3% to R27,36m
  • Operating Profit before before foreign exchange movements +23.7% to 1,265m
  • Cash generated from operations -13.7% to 2,232m
  • Headline EPS +5.6% to 366cents
  • Dividend per share 252cents unchanged

 

 

Annual Report 2010

Highlights

  • Total sales up 10.0% to R47,451.0m
  • Operating profit before foreign exchange movements up 0.1% to R2,031.0m
  • Return on equity down from 41.7% to 34.9%

 

 


 

Financial Year Ended June 2010 Published results

Highlights

  • For the 52 weeks to 27 June 2010 total sales increased by 10,0% to R47,451m
  • Comparable sales growth was 2,6%
  • Total expenses increased by 13,5% but comparable expenses increased by 2,8%
  • Headline EPS declined by 6,2%
  • Dividend per share remained unchanged at 386 cents

 

 


 

Interim results to 27 December 2009

Highlights

  • For the 26 weeks to 27 December 2009 total sales increased by 6,1% to R24,154m
  • Comparable sales growth was -0,5%
  • Total expenses increased by 8,9% but comparable expenses increased by 2,5%
  • Headline EPS decline 19,9%
  • Dividend per share remained unchanged at 252 cents

 

 


 

Annual Report 2009

Highlights

  • Total sales up 10.7% to R43.1bn
  • Operating profit before foreign exchange movements up 5.1% to R2.0bn
  • Return on equity down from 50.7% to 41.7%

 

 


 

Financial Year Ended June 2009 Published results

Highlights

  • For the 52 weeks to 28 June 2009 total sales increased by 10,7% to R43,129m
  • Comparable sales growth was 8,2%
  • Total African sales represented 9,0% of Group sales and grew by 37.0%
  • Gross profit of 18,1% was lower than the prior period’s 18,4%
  • Total expenses increased by 8.3% and improved as a percentage of sales over the prior year
  • Both headline earnings and headline EPS declined by 4.3% and 4.6% respectively

 

 


 

Interim results to 28 December 2008

Highlights

  • For the 26 weeks to 28 December 2008 total sales increased by 13,1% to R22,758m
  • Comparable sales growth was 11,9%
  • Total African sales represented 8,8% of Group sales and grew by 45,4%
  • Gross profit of 18,1% was lower than the prior period’s 18,4%;
  • Total expenses increased by 11,8% and improved as a percentage of sales over the prior year
  • Both headline earnings and headline EPS grew by 13,1%

 

 


Financial Results 2008

Annual Report 2008
Highlights

  • Total Sales increased by 14 percent to R39,8bn
  • Operating profit increased by 25 percent to R2,1bn
  • Return on Equity up from 52,3 percent to 53,0%

 

 


Published Results 2008
Highlights

  • For the 53 weeks to 29 June 2008 total sales increased by 14,3% and total sales for the 52-week period increased by 12,1%. Sales inflation was 7,5%
  • Comparable-store sales for the 52-week period increased by 10,8%
  • Gross profit of 18,36%, just higher than the prior year’s 18,31%
  • Total expenses increased by only 10,8% and improved as a percentage of sales over the prior year
  • Headline earnings per share before Massmart’s BEE transaction grew by 23,8% (52-weeks: 18,7%)
  • Return on equity of 53,0% at June 2008, higher than 52,3% at June 2007

 

 


Interim results to 23 December 2007
Highlights

  • Sales increased by 11% to R20,123m
  • Gross profit of 18,4% marginally higher than the previous period
  • Total expenses as a percentage of sales remained constant at 13%, partly affected by a new Makro store not yet trading to full capacity
  • Headline earnings per share before the BEE transaction increased 16,8%
  • Return on equity of 48,0%, higher than 46,7% at December 2007

 

 


 

Financial Results 2007

Annual Report 2007
Highlights

  • Record sales achieved of R34,8 billion, of which 98,7% were cash sales and 6,0% from foreign stores.
    Comparable store sales growth of 12,5%
  • Profit before tax grew 25,7% to R1,6 billion
  • Pre-and post-interest operating profit margins increased to 4,8% and 4,7% respectively
  • Headline earnings grew by 30,6%, exceeding R1 billion for the first time
  • Return on equity increased from 46,4% to 51,8%
  • The store network was increased to 238 and 994 277 m2, a net space increase of 3,7% over the prior year

 

 


Published Results 2007
Highlights

  • Record sales achieved of R34,8 billion, of which 98,7% were cash sales and 6,0% from foreign stores. Comparable store sales growth of 12,5%.
  • Profit before tax grew 25,7% to R1,6 billion.
  • Pre- and post-interest operating profit margins increased to 4,8% and 4,7% respectively.
  • Headline earnings grew by 30,6%, exceeding R1 billion for the first time.
  • Return on equity increased from 46,4% to 51,8%
  • The store network was increased to 994 277 m 2, a net increase of 3,7% over the prior year.

 

 


Interim results to 25 December 2006
Highlights

  • Record sales of R18,0 billion, of which 98,7% were cash sales and 5,0% from foreign stores.
  • Comparable stores sales growth of 11,9%.
  • Profit before tax grew 34,4% to R1,01 billion. For the first time half-year profits exceeded R1 billion, equal to those for the full year to June 2005.
  • Pre- and post-interest operating profit margins increased to 5,6% and 5,6% respectively.
  • Cash flow from operations rose 8,4% to R1,8 billion, only R50 million less than the full year to June 2006.
  • Rolling twelve-month return on equity increased from 43,5% to 46,7%.
  • The store network was increased to 235 (1 026 320 square meters) with the opening of 11 new stores with estimated annual sales of over R1 billion.

 

 


 

Financial Results 2006

Annual Report 2006
Highlights

  • Record total sales of R30.4 billion, 5.4% of which was from 21 foreign stores.
  • Comparable store sales grew 5.5% and sales before acquisitions grew 8.3%.
  • Consumer credit sales comprised 1.2% of Group sales.
  • Total trading profit grew 36.7% to R1.3 billion.
  • Pre- and post-interest operating profit margins increased to 4.4% and 4.3% respectively.
  • Full year cash flow from operations rose 44.7% to exceed R1.8 billion.
  • Return on equity increased from 44.2% to 48.9%.
  • The store network was increased to 228 (922 855 m2) with the opening of 17 new stores and the acquisition of two stores with combined estimated annual sales of R1.8 billion.

 

 


Published Results 2006
Highlights

  • Record sales of R30,3 billion, 5,4% of which was from 21 foreign stores.
  • Comparable store sales grew 5,5% and sales before acquisitions grew 8,3%.
  • Consumer credit sales comprised 1,2% of Group sales.
  • Trading profit grew 36,7% to R1,3 billion.
  • Pre- and post-interest operating profit margins increased to 4,4% and 4,3% respectively.
  • Full year cash flow from operations rose 44,9% to exceed R1,8 billion.
  • Rolling twelve-month return on equity increased from 41,8% to 43,5%.
  • The store network was increased to 228 (922 855 square metres) with the opening of 17 new stores and the acquisition of two stores with combined estimated annual sales of R1,8 billion.

 

 


Interim results to 25 December 2005
Highlights

  • Record first-half sales of R15,9 billion, 6,4% of which was from 19 foreign stores.
  • Given estimated average inflation of zero, real comparable store sales grew 5,2% and real sales before acquisitions grew 7,8%.
  • Consumer credit sales comprised 2,6% of Group sales.
  • Trading profit before tax grew almost three times faster than sales to R801 million, 82% of the full-year trading profit to June 2005.
  • Pre- and post-interest operating profit margins increased to 4,9% and 5,0% respectively.
  • Cash flow from operations rose 40% to exceed R1,6 billion.
  • Rolling 12-month return on equity increased from 41,8% to 43,9%.
  • The store network was increased to 222 (882 205 m2) with the opening of eight new stores and the acquisition of one store with combined estimated annual sales of over R1 billion.

 

 


 

Financial Results 2005

Annual Report 2005
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

 

 


Published Results 2005
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

 

 


Interim results to 26 December 2004
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

 

 


 

Financial Results 2004

Annual Report 2004
Highlights

  • Sales approached R24 billion
  • Comparable stores and comparable members grew 10.7%
  • Record pre and post interest operating profit margins of 3.90% and 3.87% achieved
  • Full year cash flow from operations exceeded R1 billion for the first time
  • Rolling twelve-month return on equity increased from 31.2% to 36.1%
  • Organic sales growth of 43% increased the proportion of organic growth since 1988 to 29%
  • Stores increased to 157 with the acquisition and opening of 17 new units with estimated annualised sales of R1.5 billion
  • Foreign operations contributed 6.2% of sales
  • Significant increase in the free float as a result of the sale by Dutch mutinational SHV of its 31% shareholding

 

 


Published Results to 27 June 2004
Highlights

  • Sales increase 17% to R23 788 million
  • Trading profit increases 24% to R929 million
  • Headline earnings increase 32% to R634 million
  • Headline earnings before acquisitions increase 22% to R579 million
  • Headline EPS increases 32% to 318,8 cents
  • Cash flow from operations increases 62% to R1 271 million
  • Distribution to shareholders increases 64% to 159 cents per share

 

 


Interim Results to 31 December 2003
Highlights

  • Trading profit increases 30% to R561 million
  • Headline earnings increase 27% to R366 million
  • Headline earnings before acquisitions increase 20% to R337 million
  • Headline EPS increases 26% to 183,5 cents
  • Cash flow from operations increases 92% to R1 078 million
  • Distribution to shareholders increases 27% to 61 cents per share

 

 


 

Financial Results 2003

Annual Report 2003
Highlights

  • Sales exceeded R20 billion for the first time, almost doubling since listing three years ago.
  • Record sales, trading profits and pre- and post-interest trading margins from all divisions.
  • Comparable store and comparable member sales grew 17,6% and 19,5% when adjusted for the 53rd week in the previous year.
  • Non-South African sales of R1,4 billion.
  • Excellent expense control resulted in record Group pre- and post-interest operating profits of 3,67% and 3,49% of sales respectively.
  • Return on equity improved from 27,6% to 31,2%.
  • Last year’s Furnex acquisition was fully integrated.
  • Builders Warehouse and Tile Warehouse were acquired in March 2003.
  • The appointment of a non-executive chairman and three independent non-executive directors ensured greater compliance with the King II Report on Corporate Governance.

 

 


Published Results to 29 June 2003
Highlights

  • 22 % increase in Sales to R20 370 million
  • 39 % increase in Trading Profit to R748 million
  • 33 % increase in Headline Earnings to R480 million
  • 30 % increase in Headline Earnings before Acquisitions to R464 million
  • 32 % increase in Headline EPS to 242,4 cents
  • 15 % increase in Cash Flow from Operations to R775 million
  • 59 % increase in Dividend to 97,0 cents

 

 


Interim Results to 29 December 2002
Highlights

  • 32 % increase in Sales to R10 555 million
  • 45 % increase in Trading Profit to R430 million
  • 42 % increase in Headline Earnings to R287 million
  • 39 % increase in Headline Earnings before Acquisitions to R281 million
  • 42 % increase in Headline EPS to 145,4 cents
  • 19 % decrease in Cash Flow from Operations to R556 million
  • 92 % increase in Dividend to 48,0 cents

 

 

 


 

Financial Results 2002

Annual Report 2002
Highlights

  • 44 % increase in Sales to R16 709m
  • 95 % increase in Trading Profit to R539m
  • 67 % increase in Headline Earnings to R362m
  • 44 % increase in Headline Earnings before Acquisitions to R305m
  • 67 % increase in Headline EPS to 183,2c
  • 97 % increase in Cash Flow from Operations to R677m

 

 


Published Results to 30 June 2002
Highlights

  • 44 % increase in Sales to R16 709m
  • 95 % increase in Trading Profit to R539m
  • 67 % increase in Headline Earnings to R362m
  • 44 % increase in Headline Earnings before Acquisitions to R305m
  • 67 % increase in Headline EPS to 183,2c
  • 97 % increase in Cash Flow from Operations to R677m

 

 


Interim Results to 31 December 2001
Highlights

  • 33% increase in Sales to R8 020m
  • 57% increase in Trading Profit to R297m
  • 42% increase in Headline Earnings to R202m
  • 32% increase in Headline Earnings before acquisitions to R188m
  • 41% increase in Headline EPS to 102,5c
  • 63% increase in Cash flow from operations to R687m

 

 


 

Financial Results 2001

Annual Report 2001
Highlights

  • 12 % increase in Sales to R11 568m
  • 103 % increase in Headline Earnings to R216m
  • 44 % increase in Headline EPS to 109,9c
  • 437 % increase in Cash Flow from Operations to R344m

 

 


Interim Results to 31 December 2000
Highlights

  • 9% increase in Turnover to R6 171m
  • 20% increase in Trading Profit to R194m
  • 77% increase in Headline Earnings to R145m
  • 10% increase in Headline EPS to 73,8c
  • 32% increase in Cash Flow from Operations to R421m

 

 


 

Financial Results 2000

 

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