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| EXECUTIVE REPORTS |
| joint report by chairman & ceo |
Three distinct strategies to
ensure growth & reduce risk |
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| These results underscore the three distinct strategic initiatives in place to ensure continued growth, and measures to lessen the risks of slowing growth rates in many economies across the world with reduced consumer spending, report Chairman Bruno Steinhhoff and Group CEO Markus Jooste. |
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| EXECUTIVE REPORTS |
| financial officers' report |
| Anticipate real growth in disposable income to continue |
| The group’s operating model, characterised by selective participation in geographical areas,
currencies, funding structures, supply chain participation and investments in the household goods
and automotive markets, again produced good results - Chief financial officer Jan van der Merwe
and Financial director Frikkie Nel outline the group’s financial performance. |
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| OPERATIONAL REVIEW |
| european divison |
| Attributable income up 25% |
| Steinhoff Europe remains a leading supplier of household goods and related products in the
United Kingdom, Europe and the Pacific Rim |
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| african divison |
| Vertical integration and diversification into related industries |
| Steinhoff Africa focused on vertical integration in different raw materials and diversified the group’s
investments into related industries to counter the effects of different cycles in the southern African
economy. |
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| Group services |
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