Trading update for Q3 2017/18

Matas A/S
Inside information

Trading update for Q3 2017/18

Company announcement no. 12 2017/18

Allerød, 9 January 2018, 2018-01-09 09:21 CET (GLOBE NEWSWIRE) -- Christmas
shopping figures in line with expectations – unchanged full-year 2017/18

Matas generated revenue of DKK 1,063 million for Q3 2017/18 (1 October 2017 -
31 December 2017), in line with the DKK 1,064 million reported for Q3 2016/17. 

The average basket size grew by 7% to DKK 175 in Q3 2017/18, offsetting a 5%
decline in the number of transactions. A total of 6.0 million transactions were
completed in the third quarter of the financial year. 

Underlying like-for-like sales, i.e. sales from stores operated by the Group in
both Q3 2017/18 and Q3 2016/17, were down by 0.8% in Q3 2017/18. Like-for-like
sales for the first nine months of the financial year were down by 1% relative
to the year-earlier period. 

Gregers Wedell-Wedellsborg, CEO: “Overall, sales for the third quarter were as
expected. However, there are two sides to the story. Matas grew sales on Black
Friday and during the important pre-Christmas weeks – while boosted
its sales by 40%. However, this performance cannot outweigh the trend in
everyday trading, in which Matas is experiencing declining footfall and
increasing competition. Overall, our Q3 performance confirmed our previous
assessment, demonstrating that Matas is faced with a new reality and a need for
innovation and change”. 

Full-year guidance is maintained at a decline in underlying like-for-like
revenue of 0-2% after taking a negative calendar effect into account. EBITA,
including non-recurring costs incurred in connection with the change of Matas
A/S’s CEO, is still expected to be in the DKK 440 - 470 million range. 

The interim report for the first nine months of 2017/18 will be released on 6
February 2018. 

Matas A/S


Anders T. Skole-Sørensen

CFO, tel. +45 48 16 55 55

Elisabeth Toftmann Klintholm

Head of Investor Relations & Strategy, tel. +45 48 16 55 48