It said that it was encouraged by the performance of its units that were still in a turnaround phase with Mattress Firm grossing 1908million.
It said Conforama rose its turnover to 2552m and Greenlit Brands to 969m to confirm their market positions.
Steinhoff, which will hold its annual general meeting in Amsterdam today, said a mixed strategy of offloading non-core assets and securing operational funding in the majority of viable companies enabled it to capitalise on those that it has control over, which were beginning to turn the corner.
“We must provide our strongest performing businesses with the opportunity to perform to their full potential and ensure that Steinhoff’s shareholding is not a hindrance to their growth. As part of our debt reduction strategy all options will be considered. Therefore, as we continue with our restructuring, we will keep the future ownership of these businesses under review,” the group said.