FY2023 Axia Analysts Presentation

Key highlights of FY2023 –TSVH GroupTV Sales & Home

  • Year to date volumes increased by 4% up on comparative period
  • Three new stores were opened during the financial year. However, two stores were closed in Harare as the business was given notice by the landlord.
  • A first outdoor world, garden furniture store was opened in September 2023.
  • TVSH managed to re-engage Samsung Electronics as a trade partner.
  • The company managed to secure mobile phones as a regular product line into the TVSH line up.
  • TVSH is opening 2 new bedtime stores in October 2023.
  • The rate of growth for the debtors book slowed in 3rd quarter and levelled out in the fourth quarter.

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