Second quarter Operational Update FY2019
(Registration number: 1986/001503/06)
(Incorporated in the Republic of South Africa)
JSE share code: CSB ISIN: ZAE000028320
(“Cashbuild” or “the company”)
SECOND QUARTER OPERATIONAL UPDATE – FY 2019
Cashbuild herewith provides its voluntary quarterly operational update.
Revenue for the second quarter for the Cashbuild Group was up 3% on the second quarter of the prior financial
year, with the 33 new stores opened or acquired since 1 July 2017 contributing 3% of the increase, whilst the
287 existing stores remained at similar levels. This, together with the growth reported in the first quarter,
equates to an increase in revenue for the half year of 3%, with all growth coming from new stores.
Transactions through the tills during the second quarter for the Cashbuild Group decreased by 1% (half year:
1% decrease) to that of the comparative period, with new stores increasing by 4% (half year: 4%) and existing
stores decreasing by 5% (half year: 5% decrease).
Selling inflation was 3% at the end of December 2018 when compared to December 2017. Gross profit margin
percentage for the Group is at similar levels to those reported for the first half of the prior financial year.
A revenue performance breakdown per operating segment is reflected in the following table:
Revenue performance 1st Half FY2019 versus 1st Half FY2018
Operating Segment Percentage Total New Existing
of Total % % %
Cashbuild South Africa Q1 78 2 3 (1)
Q2 78 2 3 (1)
Half Year 78 2 3 (1)
Cashbuild Common Monetary Areas Q1 6 (4) 3 (7)
Q2 6 - 1 (1)
Half Year 6 (2) 2 (4)
Cashbuild Other * Q1 4 2 5 (3)
Q2 4 8 3 5
Half Year 4 5 4 1
P&L Hardware South Africa Q1 12 19 13 6
Q2 12 12 6 6
Half Year 12 15 9 6
Total Group Q1 100 3 4 (1)
Q2 100 3 3 -
Half Year 100 3 3 -
*Botswana, Malawi and Zambia
During the second quarter, the Group opened six new stores, four Cashbuild and two P&L Hardware stores
(half year: eight), relocated two Cashbuild stores (half year: three), refurbished nine (half year: fifteen) and one
Cashbuild store was closed at the end of its lease (half year: three Cashbuild stores and three Cashbuild DIY
stores), bringing the total number of stores trading at the end of the quarter to 320.
A store breakdown by location is reflected in the following table:
Number of stores – end of quarter two Percentage Total New Existing
Cashbuild South Africa 69 221 14 207
Cashbuild Common Monetary Areas 6 18 1 17
Cashbuild Other * 5 15 2 13
Cashbuild DIY Pilot stores 1 4 - 4
P&L Hardware South Africa 19 62 16 46
Total Group 100 320 33 287
*Botswana, Malawi and Zambia
22 January 2019
Nedbank Corporate and Investment Banking
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