Relevé commercial pour l'exercice clos le 31 décembre 2023
Incorporé à Guernesey. Numéro d'enregistrement de Guernesey : 47656
Numéro d'enregistrement de société externe sud-africaine 2009/012636/10
Partager le code sur JSE : GML / AIM : GEM
ISIN : GG00BG0KTL52 | LEI : 21380017GAVXTTCYS5R31
(« Gemfields » ou la « Société »)
Trading Statement for the year ended 31 December 2023
LONDRES, LE 22 MARS 2024
In accordance with paragraph 3.4(b) of the JSE Listings Requirements, Gemfields shareholders are advised that the Company is reasonably certain of its expected financial results for the year ended 31 December 2023.
Sean Gilbertson, PDG de Gemfields, a commenté :
"In what has been a year of both achievements and challenges, Gemfields recorded its second highest annual revenues alongside seeing record prices being paid for our rough coloured gemstones sold at auction.
"Production of premium rough gemstones has been weaker at both Kagem and Montepuez Ruby Mining ("MRM") compared to 2022, and resulted in November 2023's planned higher-quality emerald auction being withdrawn from our schedule. We look forward to completing our first auction of the year later on today, with a commercial-quality emerald auction taking place in Jaipur, and our next higher-quality emerald and mixed-quality ruby auctions to take place in Q2.
"2023 also saw the start of a period of considerable investment across the Group, from our position of financial strength at the end of 2022. We are confident that the short-term impact of this investment on our financial results and performance will lead to a stronger and genuinely transformed business, particularly at MRM, where construction is ongoing for a second processing plant."
Expected earnings per share and headline earnings per share for 2023
Gemfields' two key operating assets, Kagem and MRM, generated revenues of USD 89.9 million and USD 151.4 million respectively in 2023 (2022: Kagem - USD 148.6 million; MRM - USD 166.7 million). The total auction revenues in 2023 is the second highest in the Group's history and indicated that the demand for coloured gemstones remains strong, despite having one less higher-quality emerald auction in the year.
Fabergé recorded revenues of USD 15.7 million (2022: USD 17.6 million) due to a softer luxury market.
A review of Gemfields' 6.54% shareholding in Sedibelo Resources Limited ("Sedibelo"), the South African platinum group metals ("PGM") mining company, has resulted in a fair value write-down of USD 28.0 million to USD 4.0 million. The write down of the asset reflects the reduced public market valuations for comparable PGM companies and the reduced operating and financial results for Sedibelo over the period. Sedibelo is non-core to the Gemfields business.
Gemfields is reasonably certain that, after taking this write-down into account, its net loss after tax1 will be USD 2.8 million for the year ended 31 December 2023 (2022: Net profit after tax - USD 74.3 million). In ZAR terms, the net loss after tax is expected to be ZAR 52 million (2022: Net profit after tax - ZAR 1,214 million). The loss is driven primarily by the Sedibelo unrealised non-cash write-down and the withdrawn higher-quality emerald auction, the production of which will be offered for sale in 2024, and is not a reflection on the overall strength of the Gemfields business.
Perte par action2 is expected to be USDc 0.8 for the year (2022: Earnings per share - USDc 4.8). In ZAR terms, the loss per share is expected to be ZARc 15.4 (2022: Earnings per share - ZARc 78.3).
Headline loss per share2, which includes Sedibelo's fair value loss, is expected to be USDc 0.9 for the year (2022: Headline earnings per share - USDc 4.8). In ZAR terms, headline loss per share is expected to be ZARc 16.0 (2022: Headline earnings per share - ZARc 78.3).
Bénéfice nominal ajusté par action2, which excludes Sedibelo's fair value loss, is expected to be USDc 1.5 for the year (2022: USDc 5.2). In ZAR terms, headline earnings per share is expected to be ZARc 26.8 (2022: ZARc 85.5).
The Company's weighted average shares in issue in 2023 was 1,206,076,930 (Weighted average of 2022: 1,185,105,349).
The financial information upon which this trading statement is based has not been reviewed or reported on by the Company's auditors and are the responsibility of the Company's directors.
The Company's financial results for the year ended 31 December 2023 are expected to be released on SENS, RNS and the Company's website at 07:00am (UK) / 09:00am (South Africa) on Monday, 25 March 2024.
1 Net profit after tax is reported on a 100% basis for the current period (i.e. inclusive of the minority interest).
2 Per share metrics based on weighted average number of shares over the period and earnings are based on parent-only figures (i.e. exclusive of the minority interest).
Full year results shareholder and analyst webcast
There will be a shareholder and analyst webcast on Monday, 25 March 2024 at 09:00 am (UK) / 11:00 am (South Africa). Sean Gilbertson (CEO) and David Lovett (CFO) will present the Company's 2023 Full Year Results. The webcast will contain a telephone dial-in option. Questions will only be taken in writing via the webcast page. The Company will also accept questions received before the webcast via email to [email protected].
Shareholders who wish to participate in the webcast are requested to register via the link below: https://investorpresentations.co.za/gemfields/events/40-gemfields-group-limited-full-year-results-presentation.
Should you have any further queries with regards to the proceedings of the event, please contact Investor Relations ([email protected]).
-FIN-
De plus amples informations sur Gemfields Group Limited sont disponibles sur :
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Cette annonce contient des informations privilégiées au sens de l'article 7 du règlement sur les abus de marché (UE) no. 596/2014 qui fait partie du droit interne du Royaume-Uni conformément à la loi de 2018 de l'Union européenne (retrait) ("MAR").
ENQUÊTES
CHAMPS DE GEMMES | Sean Gilbertson/David Lovett/Ian Hughes [email protected] |
COMMANDITAIRE (JSE) | Banque Investec Limitée |
CONSEILLER NOMINÉ | Liberum |
PR/IR FINANCIER | Camarco |
INFORMATIONS SUPPLÉMENTAIRES SUR LES GEMFIELDS
Gemfields est un chef de file mondial dans le domaine de l'extraction et de la commercialisation responsables de pierres précieuses colorées. Gemfields est l'exploitant et propriétaire à 75% de la mine d'émeraude Kagem en Zambie (considérée comme la plus grande mine d'émeraude productrice au monde) et de la mine de rubis de Montepuez au Mozambique (l'un des gisements de rubis les plus importants récemment découverts au monde). En outre, Gemfields détient également des participations majoritaires dans diverses autres licences d'exploitation et de prospection de pierres précieuses en Zambie, au Mozambique, en Éthiopie et à Madagascar.
La propriété exclusive de Fabergé par Gemfields - une marque emblématique et prestigieuse au patrimoine exceptionnel - permet à Gemfields d'optimiser le positionnement, la perception et la sensibilisation des consommateurs aux pierres précieuses colorées grâce aux conceptions de Fabergé, faisant progresser la vision "mine et marché" du groupe au sens large.
Gemfields a développé un système de classement exclusif et une plateforme d'enchères pionnière pour fournir un approvisionnement constant en pierres précieuses colorées aux marchés en aval, un élément clé du modèle commercial de Gemfields qui a joué un rôle important dans la croissance du secteur mondial des pierres précieuses colorées.
CHAMPS DE GEMMES
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