Premier Retail 1H21 Trading Update

Premier Retail today provides a 1H21 trading update based on results for the first 24 weeks of 1H21 ended Saturday 9 January 2021. Premier’s full 1H21 results will consist of 27 weeks ending Saturday 30 January 2021. Premier now expects Premier Retail 1H21 EBIT for the 27-week period (pre-AASB 16) to be in the range of $221 million to $233 million, up between 75% and 85% on 1H20 (26 weeks ended 25 January 2020: $126.1 million).1

1 The estimated EBIT (pre AASB 16) range is for 27 weeks ending 30 January 2021. The 27th week is estimated to contribute between $5 million and $8 million to the half’s EBIT result.

Premier Investments Limited has and continues to maintain a strong balance sheet. The above trading update relates to Premier Investment Limited’s wholly owned Premier Retail segment and does not include any results from its investment division.