18 May - 2 min read

Trading statement

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 year ended
28 February 2021.


In line with the Restructuring Plan, the group initiated a disposal program to include the sale of certain
operations which have accordingly been classified as discontinued operations. These disposals are expected
to be concluded within the next 12 months. Consequently, the results for the comparative prior year will be
restated to reflect continuing and discontinued operations in accordance with International Financial Reporting
Standards.


Incorporating this reclassification, earning per share (EPS) and headline earnings per share (HEPS) in respect
of continuing operations are expected to reflect a loss of between 175,00 cents and 205,00 cents per share
respectively. The corresponding 2020 reporting period will reflect restated EPS and HEPS to be a loss of
662,00 cents and 644,10 cents respectively.


Total earnings per share (total EPS) and total headline earnings per share (total HEPS) (comprising both
continuing and discontinued operations) are expected to reflect a loss of between 150,00 cents and
180,00 cents per share respectively. The corresponding 2020 reporting period reflected total EPS and total
HEPS to be a loss of 640,35 cents and 622,48 cents respectively.


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 year ended 28 February 2021 is anticipated to be published on 27 May 2021.


Johannesburg
18 May 2021
Sponsor: Bridge Capital Advisors Proprietary Limited

Date: 18-05-2021 09:38:00
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