Steinhoff financial results delayed

Steinhoff International marked the anniversary of when its 2017 financial year results were originally scheduled to be released by announcing a further delay until April.

“Unfortunately, despite significant efforts being exerted by all parties, it is now clear that the timeline for completing the group consolidated financial reporting and audit process has shifted and it will not be possible for all the work required to be finalised within the original timeframe,” Steinhoff chair Heather Sonn said in a statement on Thursday morning.

“The company now estimates that it will publish its group audited financial statements for 2017 and 2018 by the middle of April 2019. The 2017 and 2018 financial statements for Steinhoff Investment Holdings will be released shortly thereafter.”