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STEFANUTTI STOCKS HOLDINGS LIMITED - Trading Statement

Release Date: 10/10/2018 14:45
Code(s): SSK     PDF:  
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Trading Statement

Stefanutti Stocks Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1996/003767/06)
Share code: SSK ISIN: ZAE000123766
(“Stefanutti Stocks” or “the group”)

TRADING STATEMENT

In terms of paragraph 3.4 (b) of the Listings Requirements of the JSE Limited, the board of
directors of Stefanutti Stocks hereby provides shareholders with a trading update of the group’s
results for the six months ended 31 August 2018.

The group has adopted International Financial Reporting Standards (IFRS) 9: Financial
Instruments, IFRS 15: Revenue from Contracts with Customers and IFRS 16: Leases effective 1
March 2018. As a consequence of the adoption of the above IFRS standards, the prior period’s
comparative earnings per share and headline earnings per share have been restated.

Earnings per share is expected to be between 56,75 cents and 65,48 cents per share representing
an increase of between 30% and 50% more than the restated 43,65 cents per share for the
comparative period. Headline earnings per share is expected to be between 55,90 cents and 64,19
cents per share representing an increase of between 35% and 55% more than the restated 41,41
cents per share for the comparative period.

Should the group not have adopted IFRS 9, IFRS 15 and IFRS 16 for the comparative period, then
earnings per share of 56,75 cents and 65,48 cents per share represents an increase of between
20% and 39% more than the 47,06 cents per share reported in the comparative period. Similarly,
headline earnings per share of 55,90 cents and 64,19 cents per share represents an increase of
between 25% and 43% more than the 44,81 cents per share reported in the comparative period.

The financial information on which this trading statement is based has not been reviewed or
reported on by the group’s auditors.

The release of the results for the six months ended 31 August 2018 is anticipated to be published
on 8 November 2018.

Johannesburg
10 October 2018
Sponsor: Bridge Capital Advisors Proprietary Limited

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