Audited results June 2010

Highlights

Operating margin increased to 10.8% (2009: 10.1%)

Headline earnings increased 9% to R3.5bn

Cash generated from operations increased 45% to R5.7bn

Net gearing at 34% (H1 10: 36%)

Distribution of 63 cps (2009: 60 cps)

Manufacturing and sourcing

Steinhoff Europe

- United Kingdom
- Continental Europe
- International sourcing
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Steinhoff Africa

The decline in the South African construction and furniture markets continued to adversely impact upon the group’s timber operations.
View manufacturing and sourcing - Africa

Logistics services

Steinhoff Europe

The group’s focus on logistical expertise, and its existing warehouse footprint in Europe and the Pacific Rim, continues to benefit group operations and alliance retail partners.
View logistics services - Europe

Steinhoff Africa

Unitrans delivered an excellent set of results, with revenue and operating profit exceeding that of the prior year
View logistics services - Africa

Retail activities

Steinhoff Europe

Household goods
- United Kingdom
- Continental Europe
- Pacific Rim

Steinhoff Africa

Building supplies
Automotive

Financial review

While the consumer environment remains challenging and economies (and currencies) volatile, we are delighted to report another pleasing set of results...
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Corporate activity

We continue to support our businesses, invest in our people and infrastructure to enable us to deliver quality products...
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