Novus Holdings Limited (JSE:NVS) News - Trading Statement And Update On Department Of Basic Education Tender

Novus Holdings Limited
Incorporated in the Republic of South Africa
(Registration number 2008/011165/06)
JSE share code: NVS    ISIN: ZAE000202149
(“the Group”)


TRADING STATEMENT AND UPDATE ON DEPARTMENT OF BASIC EDUCATION TENDER


In accordance with the Listings Requirements of the JSE Limited (“JSE”), companies are required to
publish a trading statement as soon as they become reasonably certain that the financial results for
the period to be reported on will differ by more than 20% from that of the previous corresponding
period.

Accordingly, a review by management of the financial results for the year ended 31 March 2022 has
indicated that the Group’s:

    -   basic earnings per share is expected to be between 29.59 cents and 31.25 cents, compared to
        the previous corresponding period’s loss per share of 8.34 cents; and
    -   headline earnings per share is expected to be between 52.61 cents and 53.69 cents, compared
        to the previous corresponding period’s headline loss per share of 5.40 cents.

The Group’s annual results for the financial year ended 31 March 2022 are expected to be released on
SENS on or about 17 June 2022.

The financial information on which this announcement is based has not been reviewed or reported on
by the Group’s external auditors.

Department of Basic Education (“DBE”) Tender Outcome

The Group is pleased to announce that the Lebone Litho Consortium (the consortium between Lebone
Litho Printers (Pty) Ltd, Novus Holdings Limited and DSV Solutions (Pty) Ltd) has been awarded the
contract for the printing, storage, packaging and distribution of workbooks for the Department of Basic
Education for a period of three years, commencing in the current 2023 financial year with an option of
renewal for a further 2 years thereafter. The Lebone Litho Consortium remains confident in its ability
to service and deliver on this significant contract.

The award of this contract is timeous as significant paper price increases, abnormally high logistics
costs and an inability to procure certain grades of paper will affect general profitability negatively in
the 2023 financial year. The contract will partially offset the effect of these increases on the Group and
provide the Group with some flexibility while raw material costs hopefully return to more normal
levels.


Cape Town
13 June 2022

Sponsor
Merchantec Capital

Date: 13-06-2022 05:27:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.