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PREMIER GROUP LIMITED - Trading statement for the six months ended 30 September 2024

Release Date: 17/10/2024 09:00
Code(s): PMR     PDF:  
Wrap Text
Trading statement for the six months ended 30 September 2024

PREMIER GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number: 2007/016008/06)
ISIN: ZAE000320321
Share Code: PMR
("Premier" or "the Group")

TRADING STATEMENT FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2024

Premier is currently finalising its financial results for the six months ended 30 September 2024 ("H1-FY2025"),
which are expected to be released on the Stock Exchange News Service on, or about, 12 November 2024.

In accordance with paragraph 3.4(b) of the JSE Limited Listings Requirements, Premier is required to publish a
trading statement as soon as it is satisfied that a reasonable degree of certainty exists that its financial results for
H1-FY2025 will differ by 20% or more, when compared to those reported for the previous comparative period.

In this regard, shareholders are advised of the following:
                                                                                
                                                        Reported H1-FY2024       Expected range       Expected %
                                                              (cents)              H1-FY2025           increase            
                                                                                     (cents)

  Earnings per share ("EPS")                                    326                415 – 441           27% - 35%
  Headline earnings per share ("HEPS")                          331                414 - 440           25% - 33%


The Group has achieved moderate revenue growth during the period under review despite the high-interest rate
environment, constrained consumer spending and volatile soft commodity prices. The Group's improvement in
operational earnings was driven by a continued focus on margin management, cost saving initiatives and the
delivery of material operational efficiencies across both manufacturing and the Group's logistics and distribution
channels.

The financial information on which this trading statement is based has not been reviewed and reported on by the
Company's external auditors.

Johannesburg
17 October 2024

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 17-10-2024 09:00:00
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