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Latest Press Releases 
Edcon trading update highlights improved operating performance and robust
26 August 2010
Edcon trading update highlights improved operating performance and robust cash flow generation Adjusted EBITDA up 10.8% to R808 million for the quarter ended 3 July 2010 Retail sales increased by 2.2% to R5,418 million despite tightening of ...
Edcon trading update highlights improved operating performance ...read more
Edcon Q4 results indicate improving trends and strong cash generation
03 June 2010
Edcon Q4 results indicate improving trends and strong cash generation • R2,893 million adjusted EBITDA for the year ended 27 March 2010• 62.6% increase in cash generated from operating activities – R3,272 million• Successful refinancing of ...
Edcon Q4 results indicate improving trends ...read more
Edcon sees direct benefits of cost reduction programmes
18 February 2010
Edcon today reported adjusted EBITDA (earnings before interest, tax, depreciation and amortisation) of R1,340 million for the 13 weeks ended 26 December 2009.  This reflects a decline of 8.8%, from R1,469 million in the same third quarter of ...
Edcon sees direct benefits of cost reduction programmes ...read more
Absa Capital raises a further R3.3 billion for Edcon
26 November 2009
Absa Capital, the investment banking division of Absa Bank Ltd, announced today that it had raised a further R3.3 billion for Edcon (Pty) Ltd under the OntheCards Investments receivables securitisation. This follows the successful placing of R1 ...
Absa Capital raises a further R3.3 billion for Edcon ...read more
Edcon tightens credit granting, delivers strong cash generation and presents conservative Q2 results
19 November 2009
Edcon today reported adjusted EBITDA (earnings before interest, tax, depreciation and amortisation) of R386 million for the 13 weeks ended 26 September 2009. This reflects a decline of 38% on the same quarter last year. However cash generated by ...
Edcon tightens credit granting ...read more
Edcon weathers economic downturn
20 August 2009
Edcon today reported adjusted EBITDA (earnings before interest, tax, depreciation and amortisation) of R386 million for the 13 weeks ended 26 September 2009. This reflects a decline of 38% on the same quarter last year. However cash generated by ...
Edcon weathers economic downturn ...read more
Absa Capital raises R1bn for Edcon in year's largest securitization deal
04 August 2009
Absa Capital, the investment banking division of Absa Bank Ltd, announced today that it had raised R1.0bn for Edcon (Pty) Ltd in the largest securitization deal in the South African market since August 2008. Absa Capital and Edcon raised the ...
ABSA Capital raises R1 bn for Edcon ...read more
Trading Update Dec '08
04 February 2009
Edcon recorded total retail sales growth of 9.7% for the quarter ended December 2008. Comparable store sales grew by 6.7% in the same period, with all chains making significant contributions to this growth. In the debtors? book, net bad debts as a ...
...read more
Edcon delivers solid interim results
20 November 2008
Highlights of year-to-date earnings for the six months ending September 2008: Adjusted EBIDTA (earnings before interest, tax, depreciation and amortisation) of R1.4 billion, up 8%. Group revenues up 11% to R11.1 billion, with retail sales up ...
Edcon delivers solid interim results ...read more
Edcon posts solid first quarter results
28 August 2008
Against the backdrop of a difficult trading environment, Edcon reported satisfactory adjusted EBITDA (earnings before interest, tax, depreciation and amortisation) of R789 million for the quarter ended 28 June 2008. This reflects growth of 7% on the ...
Edcon posts solid first quarter results ...read more
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