South Africa-headquartered, Dutch-registered Steinhoff said revenue from continuing operations rose to 6.8 billion euros ($8.00 billion) in the nine months from Oct.1, up from 5.9 billion euros.
All its operations in Europe, Africa, United States and Australia and New Zealand under Pepco Group, Pepkor Holdings , Mattress Firm, Lipo and Greenlit Brands, which owns Fantastic furniture, increased sales helped by their discount clothing and furniture brands.
Steinhoff said on August 11, the group obtained confirmation that the necessary approvals had been granted by financial creditors to extend the maturity date of its debt by 12 months until the end of 2022.
"The extension grants the group an additional period in which to progress the remaining elements of its three-step strategic plan," it said.
At 0836 GMT its Johannesburg-listed shares were up by 3.43% and by 3.76% in Frankfurt.
Steinhoff has been restructuring its operations since revealing accounting fraud in 2017, selling off assets and paying off debt.
A big hurdle to overcome is settlement of lawsuit claims from shareholders and investors, which it hopes will be approved in September at a creditors meeting.
($1 = 0.8502 euros)
(Reporting by Nqobile Dludla; editing by Wendell Roelf and Jason Neely)
