07 Oct - 2 min read

Further Trading Statement

Further Trading Statement

CALGRO M3 HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2005/027663/06)
JSE Share code: CGR
ISIN: ZAE000109203
(“Calgro M3 or “the Company”)



FURTHER TRADING STATEMENT


In terms of the JSE Limited Listings Requirements, a listed company 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.

Shareholders are referred to the initial trading statement released on SENS on 26 August
2021.The Company hereby advises that a reasonable degree of certainty exists that for the
period ended 31 August 2021:

-     headline earnings per share will be between 41.48 cents and 44.10 cents, compared to
      the headline loss per share of 26.29 cents for the period ended 31 August 2020, which
      equates to an increase of between 257.8% and 267.7%: and

-     earnings per share will be between 38.04 cents and 41.08 cents, compared to the loss
      per share of 30.46 cents for the period ended 31 August 2020, which equates to an
      increase of between 224.9% and 234.9%.

The Group delivered solid results on the back of a successful turnaround and restructuring
process with Calgro M3 executing on its #sustainableactions initiative. When comparing the
current period to the previous period, the improved results are due to more than just the “post
Covid-19” effect and can largely be attributed to sustained increased sales efforts across both
businesses, with revenue increasing in excess of 40% in each of the businesses.

Calgro’s operating margin increased, driven by efficiencies and a better design focus in the
development business, while overhead costs decreased. The reduction of debt led to lower
interest repayments, which further bolstered earnings. The Company’s achieved strong cash
generation over the reporting period, strengthening its liquidity and net debt to equity position.

The financial information on which this trading statement is based has not been reviewed or
reported on by the Company’s auditors. The un-audited results for the period ended 31 August
2021 are expected to be published on or about 18 October 2021.

Johannesburg
7 October 2021

Sponsor
PSG Capital

Date: 07-10-2021 07:05:00
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