JOHANNESBURG – Steinhoff says it maintained good sales momentum despite a challenging consumer environment.
The strengthening of the rand against the Euro led to a 26 percent improvement in its Euro-reported results.
The group’s South African retailers contributed almost R62-billion in revenue in the African region.
Overall sales for the group, which owns Incredible Connection and Pep stores, was up by 48 percent for the three-quarters ended in June.
The global retail giant expects the UK furniture-retail market to remain challenging in the months ahead.
It also expects European and African general-merchandise segments to maintain their current growth trajectory.