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INSIMBI INDUSTRIAL HOLDINGS LIMITED - Trading Statement

Release Date: 29/03/2021 12:24
Code(s): ISB     PDF:  
Wrap Text
Trading Statement

Insimbi Industrial Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration    number:     2002/029821/06)
Share code: ISB ISIN: ZAE000116828
(“Insimbi” or “the Group”)

TRADING STATEMENT

In terms of the JSE Limited Listings Requirements, a listed Group is required to publish a
trading statement as soon as it becomes reasonably certain that the financial results for the
next period to be reported on will differ by 20% or more from the financial results for the
previous corresponding period.

Despite the challenges experienced throughout the year as a result of the Covid-19 pandemic,
the Group recovered remarkably well in the second half of the year.

The Company hereby advises that a reasonable degree of certainty exists for the 12 months
ended 28 February 2021 that the results are expected to be as follows:

    •   Revenue of between R4.9 Billion and R5.0 Billion, an increase of between 2% and 4%;

    •   EBITDA of between R150.8 million and R163.9million, an increase of between 15%
        and 25%;

    •   EPS of between 9.29 and 10.10 cents per share compared to 8.08 cents per share for
        the period ended 29 February 2020, an increase of between 15% and 25%; and

    •   HEPS of between 9.62 and 10.64 cents per share compared to 10.13 cents per share
        for the period ended 29 February 2020, between minus 5% to 5%.

The financial information on which this trading statement is based has not been reviewed or
reported on by the auditor of the Group. The annual financial results for the period ended 28
February 2021 are expected to be published on or about 28 May 2021.

Johannesburg
29 March 2021

Sponsor
PSG Capital

Date: 29-03-2021 12:24:00
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