Back to top
Performance summary*
2019
3.0%
Sales
R93.7 billion
2018: R90.0 billion
45.1%
EBITDA, BEFORE NON-TRADING ITEMS
R1.8 billion
2018: R3.2 billion
79.3%
TRADING PROFIT BEFORE INTEREST AND TAXATION
R0.4 billion
2018: R2.1 billion
182.9%
HEADLINE (LOSS)/EARNINGS
(R0.7 billion)
2018: R0.9 billion

The adoption of the IFRS 16 ‘Leases’ standard from 1 January 2019 complicates performance comparisons between the results of the current and prior year. To provide a more meaningful assessment of 2019’s performance, and unless stated otherwise, the commentary contained in this report has been provided on a like-on-like basis, i.e. excluding the impact of IFRS 16 in 2019. Refer to note 2.

* Like-on-like excluding IFRS 16 in 2019.

In tough times,
we are sustaining value:
R103.3m
In savings from a focus on Group-wide logistics efficiencies
2018: R125.1m
Invested
R200.4m
in associate training and development
2018: R230.2m
Staff turnover
17%
2018: 20%
Store energy intensity increased by
3.3%
To 211.6 kWh/m2
2018: 204.9 kWh/m2
Over R1bn
procured from suppliers on our Supplier Development Programme since inception
82.06
(Level 4) Improved BBBEE score
2018: 80.81
50.0%
Of the members of our Board are female
2018: 45%
We’ve saved our customers
over R300m
during Black Friday