MHI
05/10/2012 08:30
QUARTER
REL: 0830 HRS Michael Hill International Limited
QUARTER: MHI: 3 Months trading update to 30 September 2012
3 months trading update to 30 September 2012
Note that these figures represent 2 months accounting adjusted sales results
plus September preliminary sales figures prior to final accounting
adjustments and are unaudited. Revenue figures stated below include the
Professional Care Plan (PCP) revenues brought to income during the period.
Revenue from sale of goods for the 3 months to 30 September 2012:
The following figures are in NZ dollars Last Year This
Year % Var
Australia same stores 67,352,274 72,917,778 8.3%
New Zealand same stores 20,885,533 22,358,964 7.1%
Canada same stores 9,548,151 10,795,265 13.1%
United States same stores 2,303,007 2,547,948 10.6%
Total same stores $100,088,965 $108,619,955
8.5%
Australia all stores
69,005,840 78,864,019 14.3%
New Zealand all stores 20,993,501 22,668,509
8.0%
Canada all stores 9,507,794 12,296,266
29.3%
United States all stores
2,303,007 2,547,948 10.6%
Total all stores $101,810,142 $116,376,742 14.3%
Exchange rates used for the 3 months:
Australia 0.79 0.78
Canada 0.81 0.81
United States 0.83 0.81
The following figures are in local currency Last Year
This Year % Var
Australia same stores AUD 53,390,990 56,811,207 6.4%
New Zealand same stores NZD 20,885,533 22,358,964
7.1%
Canada same stores CAD 7,774,149 8,691,740 11.8%
United States same stores USD 1,921,258 2,058,280 7.1%
Australia all stores AUD
54,702,992 61,442,864 12.3%
New Zealand all stores NZD 20,993,501 22,668,509 8.0%
Canada all stores CAD 7,741,284
9,898,750 27.9%
United States all stores USD 1,921,258 2,058,280
7.1%
All markets traded well over the first quarter and it was pleasing to see our
largest market Australia lift its performance after a slow down during
2011-12. The sales growth shown during the quarter was achieved without the
need to reduce margins.
Professional Care Plans (PCP) sales continued to grow during the quarter
over the corresponding quarter last year which is also pleasing.
The following figures are in NZ Dollars Last Year This
Year % Var
PCP revenue collected for the 3 months NZD 5,412,758
6,506,195 20.2%
PCP revenue brought to income for the 3 months NZD 538,143
2,309,414 329.1%
The directors are satisfied with the performance over the first quarter
however the key December quarter is now upon us and this will to a large
extent determine the group's result for the year.
Sir Michael Hill 5 October 2012
Chairman
All enquiries should be made to Mike Parsell CEO phone +61 403 246655
End CA:00228149 For:MHI Type:QUARTER Time:2012-10-05 08:30:22
