Investment case

Lewis Group offers investors exposure across southern Africa’s retail customer markets through its portfolio of well-established traditional brands operating in the low to middle income credit market and upper income cash customers through UFO.

While trading conditions continue to be impacted by Covid-19, the directors believe that the business model has the resilience to absorb this short-term volatility, as evidenced in the height of the pandemic.

The following factors motivate an investment case for Lewis Group and should support competitive long-term returns for shareholders.

• Favourable positioning in a challenging retail environment
• Strong balance sheet and effective capital management strategy
• Diversification across income segments
• Extensive retail footprint
• Customer loyalty and engagement
• Differentiated and exclusive merchandise
• Proven credit risk management