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Victor Dima
  • Victor Dima

Strong Health & Beauty sales growth and cost discipline in UPD help so...

​Revenue: +8.5% y/y to ZAR 13.1bn, in line with ACe (+8.4% y/y to ZAR 13.1bn) accelerating from 5.9% y/y in H2 16A. Clicks Chain revenue grew 13.1% y/y up from 12.9% y/y in H2 16A and Distribution revenue accelerated to 7.5% y/y from 0.4% y/y in H2 16A.EBIT: +14.8% y/y to ZAR 840m (ACe: +10.7% to ZAR 810m) driven by solid growth in Health and Beauty segment and improving top line momentum and cost discipline in UPD. Group EBIT margin expanded by 35bps y/y to 6.4% (ACe: +13bps y/y to 6.2%).HEPS...

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