Markus Jooste, Chief Executive Officer, hosted a webcast on 28 February 2017.
To view the webcast log in here.
Steinhoff further aligned its quarterly reporting with the amended reporting requirements of the Frankfurt Stock Exchange.
The Steinhoff group performed well during the first quarter of its 2017 financial year with growth momentum continuing in line with management expectations. Group revenue in Q1FY17 increased by 45% to €5.3 billion. This growth includes the newly acquired Mattress Firm and Poundland businesses, which in aggregate contributed revenue of €1.3 billion during the quarter. Excluding these acquisitions, group revenue increased by 11%. Furthermore the group operating margin, excluding the effect of acquisitions, were at the same percentage levels when compared to Q1FY16.Read more
for the three months ended 31 December 2016
|Q1FY17 (€m)||Q1FY16 (€m)#||% change|
|Group revenue||5 336||3 668*||45%|
|Household goods||3 235||2 298||41%|
|General merchandise||1 760||1 060*||66%|
# Q1FY16 Represents the three months ended 31 December 2015. * Q1FY16 Revenue was adjusted to eliminate intergroup revenue of €27 million.