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Steinhoff 3-month Revenue Up 7% - Quick Facts

Steinhoff reported that its revenue from continuing operations for the three-month period to 31 December 2019 increased 7% to 3.45 billion euros from 3.21 billion euros, previous year. Pepco Group revenues rose 15% to 1.14 billion euros. Pepkor Africa revenue increased 7% to 1.285 billion euros.

Steinhoff previously announced it is realistic and encouraged by the progress and outlook. The company said it still faces a number of tough challenges and this guidance has not changed.

Steinhoff stated that the ongoing implementation of the Remediation Plan will remain an area of focus throughout fiscal 2020.

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