South African pharmaceutical group Dis-Chem announced today, 15 February 2018, reported a 14.2 percent increase in retail turnover to ZAR7.9 billion for the 22 weeks to 2 February 2018.
Total group turnover grew by 13.1 percent to ZAR8.5 billion, while comparable store growth and sales price inflation for the period were 5.5 percent and 2.5 percent.
Dis-Chem said comparable store growth was heavily impacted by the extent of new space added in the current reporting period, an additional 30 stores were added in the 22 weeks to the 2 February 2018 relative to the comparable period as the company grew its presence in underrepresented markets.
“We are comfortable that the industry fundamentals and the Dis–Chem brand positioning, the focus of which remains on an unrivalled pharmacy offering, dedicated front shop service and a differentiated stock range, continues to allow us to trade well through challenging market conditions,” says Ivan Saltzman, Dis-Chem Chief Executive Officer.
“We expect that price inflation will be at lower levels in 2018 as a result of the announced SEP increase of 1.26%. Supported by our store roll out strategy, we remain focussed on ensuring we continue to grow our market shares in the categories that we serve.”
The financial information in this trading update has not been reviewed or reported on by the Group’s