MHI
17/07/2015 08:30
QUARTER
PRICE SENSITIVE
REL: 0830 HRS Michael Hill International Limited
QUARTER: MHI: 12 Months trading update to 30 June 2015
Michael Hill International Limited
12 months trading update to 30 June 2015
The group achieved same store sales growth of 0.7% for the 12 months in AUD.
In local currency, New Zealand continued to trade well and was 4.3% up on
last year while Canada finished 2.5% up for the year. The US achieved good
growth of 3.5% while Australian sales were 2.5% down for the year. The group
opened 12 Michael Hill stores during the year and closed 2 stores making 288
Michael Hill stores at year end and lifting total revenue by 3.4%.
As mentioned in the 2014 Annual Report, the group is continuing to refine and
test the Emma & Roe retail model and consequently this trading update does
not include financial information for the Emma & Roe stores. 2 additional
Emma & Roe stores opened during the period taking the total to 8 stores.
Revenue from the sale of goods and services for Michael Hill Stores for the
12 months to 30 June 2015 including PCP income:
The following figures are in Australian dollars Last Year
This Year % Var
Australia same stores 290,831,421 283,644,667 (2.5%)
New Zealand same stores 98,351,208 105,390,891 7.2%
Canada same stores 61,689,148 63,631,871 3.1%
United States same stores 8,787,957 10,032,310 14.2%
Michael Hill same stores $459,659,734 $462,699,739
0.7%
Australia all stores
298,473,734 294,441,817 (1.4%)
New Zealand all stores 99,496,477 106,180,070
6.7%
Canada all stores 70,453,597 81,347,970
15.5%
United States all stores
10,899,100 13,610,856 24.9%
Michael Hill all stores $479,322,908 $495,580,713
3.4%
Exchange rates used for the 12 months:
New Zealand 1.10 1.07
Canada 0.98 0.97
United States 0.92 0.83
The following figures are in local currency Last Year
This Year % Var
Australia same stores AUD 290,831,421 283,644,667 (2.5%)
New Zealand same stores NZD 108,434,468 113,136,530
4.3%
Canada same stores CAD 60,400,023 61,892,630 2.5%
United States same stores USD 8,056,615 8,338,432 3.5%
Australia all stores
AUD 298,473,734 294,441,817 (1.4%)
New Zealand all stores NZD 109,693,315 113,982,694 3.9%
Canada all stores CAD 69,024,788
79,096,537 14.6%
United States all stores USD 9,993,904 11,290,852 13.0%
The above figures represent 12 months accounting adjusted sales results and
are unaudited. Revenue figures stated above include the Professional Care
Plan (PCP) revenue brought to income during the period. The PCP income
recognition pattern is based on existing estimates and is subject to ongoing
management review, and accordingly was adjusted at year end. The prior period
PCP revenue included in the results above is at the estimated amounts under
the income recognition pattern used and reported on at the time.
Full year results will be released to the NZX on 14 August 2015
Media & Investors: Investors:
Mike Parsell Phil Taylor
Chief Executive Officer Chief Financial Officer
+61 403 246655 +61 413 709066
End CA:00267094 For:MHI Type:QUARTER Time:2015-07-17 08:30:29
