Lewis Group – 3Q trading update

Key message: Revenue growth in line with FY22E forecasts. Debtor costs improve considerably. No changes to HEPS outlook. Lewis announced a strong trading update for the nine months to December 2021 – merchandise sales grew by 12.7% compared to the same period the...

Lewis Group – Capitalising on change

Lewis Group has undergone significant positive change in six years as it transforms back to a retail revenue driven business, instead of financial services. Of its revenue earned in FY14, we estimate 58% was from financial services – in FY21 its 45%. Credit sales now...