Half Year 2023 Shoprite Holdings Ltd Earnings Call Transcript

Mar 07, 2023 / 07:30AM GMT
Pieter C. Engelbrecht - Shoprite Holdings Ltd - CEO & Executive Director

Good morning. Welcome to everybody, and thank you for joining us for our Interim Results presentation for the 6 months ending December 2022. We will keep to our normal format, where I will give a bit of an overview of the company in its totality, and then Anton will give color to some of the financial numbers to understand those and unpack them better. And then I will end off again with a bit of a strategic view and what we set ourselves to do in the next 6 months.

So firstly is that we have now surpassed for the 6 months, the ZAR 100 billion in revenue. I mentioned earlier in the previous presentation that the Group is now clearly set on to become a ZAR 200 billion revenue company for the full 12 months. 16.8% double-digit growth, very high double-digit growth on top of last year's double-digit growth is a remarkable achievement. But one easily can get lost with percentages, so I'd like to call out that the absolute value of additional sales amounts to over ZAR 15 billion. That is what the Group had to add new revenue to

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