Lovisa : 1H FY22 Appendix 4D Half Year Financial Report

For personal use only

Lovisa Holdings Limited

ACN 602 304 503

Level 1, 818 Glenferrie Road

Hawthorn VIC 3122

t [phone] f [phone] e [e-mail]

lovisa.com

Lovisa Holdings Limited

Appendix 4D

Half Yearly Report

For the half‐year ended 26 December 2021

The following sets out the requirements of Appendix 4D with the stipulated information either provided here or cross referenced to the HY2022 Interim Financial Report which is attached.

1. Company details
Company Name	Lovisa Holdings Limited
ACN	602 304 503
Reporting Period	26 weeks ended 26 December 2021
Prior Half Year Reporting Period	26 weeks ended 27 December 2020
Prior Financial Year Ended	27 June 2021

2. Results for announcement to the market
Comparison to the prior period	Increase/	Change %			To A$'000s
(Appendix 4D items 2.1 to 2.3)	Decrease
Revenue from ordinary activities	Increase	48.3%			217,822
Profit before tax	Increase	71.5%			47,897
Profit after tax attributable to the members	Increase	85.0%			36,178
Dividends / distributions		Amount per security		Franked amount per security
(Appendix 4D item 2.4)
Interim dividend for the year ended 3 July			37.0 cents			11.1 cents
2022 to be paid on 21st April 2022
Record date for determining entitlement to the dividend		9th March 2022
(Appendix 4D item 2.5)

For personal use only

Brief explanation of the figures reported above necessary to enable the figures to be understood (Appendix 4D item 2.6)

For the half‐year ended 26 December 2021 the Company reported net profit after tax of $36.2m with same store sales up 21.5% on the first half of the prior year and an additional 42 net new stores across the globe. Gross Profit increased 50.5% to $170.7m and gross margin for the half was 78.3% compared to 77.2% for the first half of the prior year.

This result reflects an increase of 85.0% on the Company's half‐year December 2020 statutory net profit after tax.

3. Dividends

Please refer to note 4 of the attached interim financial report for details of dividends paid in the reporting period and prior period.

4.	Dividend reinvestment plans
Not applicable.
5.	Net tangible asset per security
		Current period	Previous period
Net tangible asset backing per ordinary share	$0.55	$0.38

6. Entities over which control has been gained during the period

Not applicable.

7. Details of associates and joint ventures

Not applicable.

8. For foreign entities, which set of accounting standards has been used in compiling the report

The results of all foreign entities have been compiled using International Financial Reporting Standards (IFRS), as issued by the International Accounting Standards Board.

9. Dispute or qualification arising from auditor's review

Not applicable.

Signed on behalf of Lovisa Holdings Limited, on the 23rd February 2022

Chris Lauder

Company Secretary

For personal use only

LOVISA HOLDINGS LIMITED

I N T ERI M

FI N A N C I A L

REP O RT

FOR THE 26 WEEKS ENDED

26 DECEMBER 2021

ACN 602 304 503

B RI N G I N G B RI L L I A N T LY A FFO R DA B L E FAS H I O N J E W EL L ERY TO T H E WO R L D

For personal use only

For personal use only

CO N T EN TS

COMPANY OVERVIEW
Directors' Report	5
FINANCIAL STATEMENTS
Consolidated Statement of Financial Position	8
Consolidated Statement of Profit or Loss	9
and Other Comprehensive Income
Consolidated Statement of Changes in Equity	10
Consolidated Statement of Cash Flows	11
Notes to the Consolidated Financial Statements	12
SIGNED REPORTS
Directors' Declaration	20
Independent Auditor's Review Report	21
Lead Auditor's Independence Declaration	23
CORPORATE DIRECTORY	24