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Steinhoff HY Loss Narrows

Steinhoff International Holdings N.V. reported that its loss attributable to owners of the company for the six months ended 31 March 2019 narrowed to 617 million euros from 638 million euros last year. Loss per share was 14.9 cents compared to a loss of 15.3 cents in the prior year.

Segmental EBITDA from continuing operations increased by 71% to 393 million euros from 230 million euros in the previous year.

Consolidated net sales from continuing operations for the period increased by 3% to 6.86 billion euros from last year's 6.67 billion euros, with strong contributions from Pepkor Europe and Pepkor Africa.

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