Try our mobile app
Absa Group Limited (JSE:ABG) News - Further trading statement for the year ended 31 December 2021
ABSA GROUP LIMITED
Incorporated in the Republic of South Africa
Registration number: 1986/003934/06
ISIN: ZAE000255915
JSE share code: ABG
(“Absa Group” or “the Group”)
FURTHER TRADING STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2021
In accordance with section 3.4(b) of the JSE Listings Requirements, and updating our trading
statement released on 3 December 2021, shareholders are advised that there is more certainty
regarding our financial results for the year ended 31 December 2021 (“FY21”) and we are able to
provide a narrower earnings range, compared to the year ended 31 December 2020 (“FY20”).
Absa Group’s IFRS headline earnings per share (HEPS) for FY21 is expected to increase by
190% to 200% from the FY20 comparative of 730.9 cents, to between 2 120 and 2 193 cents.
IFRS earnings per share for FY21 is expected to rise by 195% to 205% to between 2 100 and
2 171 cents, from 711.8 cents in FY20. Normalised HEPS for FY21 is expected to increase by
125% to 135%, to between 2 130 and 2 224 cents, from 946.5 cents in FY20.
Shareholders are advised that the financial information contained in this trading statement have
not been reviewed or reported on by our auditors. We will release our FY21 financial results on
14 March 2022.
Johannesburg
25 February 2022
Enquiries:
Alan Hartdegen
(+27 72) 576-2713
E-mail: alan.hartdegen@absa.africa
Lead Independent Sponsor:
J.P. Morgan Equities South Africa Proprietary Limited
Joint Sponsor:
Absa Bank Limited (Corporate & Investment Bank)
Editor’s Note:
Normalised reporting
Given the process of separating from Barclays PLC, Absa Group continues to report IFRS-
compliant financial results and a normalised view. The latter adjusts for the consequences of the
separation and better reflects its underlying performance.
Date: 25-02-2022 02:30:00
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.
