Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Johannesburg Stock Exchange  >  Steinhoff International Holdings NV    SNHJ   NL0011375019

STEINHOFF INTERNATIONAL HOLDINGS NV (SNHJ)
My previous session
Most popular
  Report  
SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensus 
News SummaryMost relevantAll newsOfficial PublicationsSector newsTweets

Steinhoff International : flags first half loss as restructuring wipes out sales gain

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/18/2018 | 04:33pm CEST
FILE PHOTO: A Poundland employee checks products in a store in London

FRANKFURT (Reuters) - South African retailer Steinhoff, which has been embroiled in an accounting scandal, expects to report a first-half net loss as costs related to restructuring, losses on asset sales and litigation offset a rise in revenues.

Group retail revenue is expected to rise 1 percent to 9.4 billion euros (8.2 billion pounds) in the six months through March 2018, it said following a meeting with lenders on Friday, citing preliminary figures.

It did not disclose the size of its first-half loss after tax was but said it was preparing to publish unaudited first-half figures on June 29.

The retailer has been fighting for survival after it discovered accounting irregularities in December which sparked a sell-off in its shares that wiped more than $10 billion off its stock market value and led to multiple investigations globally.

The company's shares were up around 10 percent at 1425 GMT.

It said on Friday it hoped to have a restructuring plan in place shortly to put to creditors that would include measures such as fixing the maturity for all loans at three years from the restructuring date.

Steinhoff, which runs retail chains such as Britain's Poundland, Mattress Firm in the U.S. and Conforama in France, has hired auditors PwC to investigate its problems and the accounting firm has gathered millions of records.

Earlier this month, it said that PwC's investigation had found that overstatement of its profits might result in additional material impairments, which it would present along with full first-half results in June.

(Reporting by Maria Sheahan; Editing by Douglas Busvine and Jane Merriman)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on STEINHOFF INTERNATIONAL HO
10/17Steinhoff's investors to suspend legal battle as firm recovers
RE
10/17STEINHOFF INTERNATIONAL : VEB/European Investors Suspend Legal Proceedings
DJ
10/17SNH : STEINHOFF INVESTMENT HOLDINGS LIMITED - VEB / European Investors And Stein..
PU
10/17STEINHOFF INTERNATIONAL HOLDINGS N.V : VEB / European Investors and Steinhoff ag..
EQ
10/15STEINHOFF INTERNATIONAL HOLDINGS N.V : Update on disposal of kika-leiner propert..
EQ
10/15SNH : STEINHOFF INVESTMENT HOLDINGS LIMITED - Steinhoff - Update On Progress Of ..
PU
10/15STEINHOFF INTERNATIONAL : Seeks Long-Stop Extension For Lock-Up Agreement
DJ
10/15STEINHOFF INTERNATIONAL HOLDINGS N.V : Update on progress of financial restructu..
EQ
10/11STEINHOFF INTERNATIONAL : shares plunge after global rout, report on retailer's ..
RE
10/05STEINHOFF INTERNATIONAL : Mattress Firm Files for Chapter 11 Bankruptcy--Update
DJ
More news
News from SeekingAlpha
08/09MATTRESS FIRM : Dream's And Nightmares 
2017What A South African Retailer That Overpaid For A U.S. Mattress Company Has T.. 
2017Wayfair in the M&A spotlight 
2017Steinhoff, Shoprite shelve merger deal 
2017STEINHOFF INTERNATIONAL HOLDINGS - S : Clear Blue Sky 
Financials (€)
Sales 2017 20 004 M
EBIT 2017 1 886 M
Net income 2017 1 481 M
Debt 2017 4 843 M
Yield 2017 98,6%
P/E ratio 2017 0,42
P/E ratio 2018 -
Capi. / Sales 2017 0,27x
Capi. / Sales 2018 -
Capitalization 508 M
Chart STEINHOFF INTERNATIONAL HOLDINGS NV
Duration : Period :
Steinhoff International Holdings NV Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends STEINHOFF INTERNATIONAL HO
Short TermMid-TermLong Term
TrendsBearishBullishBearish
Income Statement Evolution
Managers
NameTitle
Daniël Maree van der Merwe Chief Executive & Operating Officer
Heather Joan Sonn Chairman-Supervisory Board
Philip Dieperink CFO & Member-Supervisory Board
Steve F. Booysen Independent Member-Supervisory Board
Angela Krüger-Steinhoff Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
STEINHOFF INTERNATIONAL HOLDINGS NV-57.68%587
NITORI HOLDINGS CO LTD-6.72%15 327
WILLIAMS-SONOMA, INC.18.51%4 905
RH44.86%2 764
BED BATH & BEYOND INC.-36.61%1 868
AT HOME GROUP INC-9.25%1 735