Harvey Norman


Harvey Norman Holdings Limited

A.C.N. 003 237 545

A1 RICHMOND ROAD HOMEBUSH WEST N.S.W. 2140

LOCKED BAG 2 SILVERWATER DC, N.S.W 1811


Telephone: (02) 9201 6111

Facsimile: (02) 9201 6250



26 February 2016


Australian Securities Exchange Limited Exchange Centre

20 Bridge Street

SYDNEY NSW 2000


SALES FOR THE SIX MONTHS ENDED 31 DECEMBER 2015


The Directors of Harvey Norman Holdings Limited announce that sales from the franchised "Harvey Norman" complexes, commercial divisions and other sales outlets in Australia, New Zealand, Slovenia, Croatia, Ireland and Northern Ireland (excluding Singapore) ("Global Sales") totalled $3.33 billion for the six (6) months ended 31 December 2015. When compared to Global Sales for the period ended 31 December 2014, the increase was 8.0%. Like for like sales for the six (6) months ended 31 December 2015 when compared to the same period ended 31 December 2014, increased by 8.7%.


Global sales have been positively affected by a 5.5% appreciation in the Euro, a 16.1% appreciation in the UK Pound, and negatively affected by a 0.1% devaluation in the NZ$, for the six months ended 31 December 2015 compared to the six months ended 31 December 2014.


Global Sales increase / (decrease) in $A - Total Sales


Country

1Qtr 2016 vs

1Qtr 2015

%

2Qtr 2016 vs

2Qtr 2015

%

HY 2016 vs

HY 2015

%

Australia

5.7

9.4

7.7

New Zealand

3.2

8.7

6.3

Slovenia / Croatia

10.4

0.3

5.0

Ireland

21.8

17.1

18.9

Northern Ireland

44.1

28.6

35.5



Global Sales increase / (decrease) in $A - Like for Like Sales


Country

1Qtr 2016 vs

1Qtr 2015

%

2Qtr 2016 vs

2Qtr 2015

%

HY 2016 vs

HY 2015

%

Australia

7.1

10.3

8.8

New Zealand

1.9

8.2

5.4

Slovenia / Croatia

9.4

0.1

4.4

Ireland

19.8

17.2

18.2

Northern Ireland

44.1

5.1

22.4



During the six months ended 31 December 2015 two Harvey Norman and one Joyce Mayne franchised complexes in Australia were closed and one Company operated store in Northern Ireland was opened.

2


Global Sales increase / (decrease) in constant local currencies - Total Sales


Country

1Qtr 2016 vs

1Qtr 2015

%

2Qtr 2016 vs

2Qtr 2015

%

HY 2016 vs

HY 2015

%

Australia $ A

5.7

9.4

7.7

New Zealand NZ $

4.8

7.7

6.4

Slovenia / Croatia € Euro

3.2

-3.6

-0.5

Ireland € Euro

13.5

12.2

12.7

Northern Ireland £ Pound

21.7

12.6

16.7


Global Sales increase / (decrease) in constant local currencies - Like for Like Sales


Country

1Qtr 2016 vs

1Qtr 2015

%

2Qtr 2016 vs

2Qtr 2015

%

HY 2016 vs

HY 2015

%

Australia $ A

7.1

10.3

8.8

New Zealand NZ $

3.4

7.3

5.6

Slovenia / Croatia € Euro

2.3

-3.8

-1.1

Ireland € Euro

11.7

12.2

12.0

Northern Ireland £ Pound

21.7

-7.9

5.4


Franchisee Sales 1 January 2016 to 25 February 2016 vs 1 January 2015 to 25 February 2015


Sales from franchised Harvey Norman complexes, commercial divisions and other sales outlets in Australia increased by 6.7% for the period 1 January 2016 to 25 February 2016 compared to the period 1

January 2015 to 25 February 2015. Like for like sales increased by 7.3% for the period 1 January 2016

to 25 February 2016 compared to the period 1 January 2015 to 25 February 2015. Yours faithfully

Chris Mentis

Chief Financial Officer

Harvey Norman Holdings Ltd. issued this content on 26 February 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 26 February 2016 02:16:41 UTC

Original Document: http://clients.weblink.com.au/clients/harveynorman/article.asp?asx=HVN&view=2909102