The group reported a 3percent increase in revenue to 12.83bn from 12.49bn the prior year, while segmental earnings before interest, tax, depreciation and amortisation from continuing operations increased 12.74 percent to 770million.
The group said in both periods operating results from continuing operations were impacted by once-off expenses, including professional fees of 117 million, impairment charges relating to goodwill and other intangible assets of 7m, impairment charges related to property, plant and equipment of 16m and impairment charges relating to other assets of 46m. However, Steinhoff did not pay professional fees in 2017, but overall impairment charges amounted to 540m.
It said basic and diluted loss a share from continuing operations was 17.6 euro cents a share, improving on 18.8 euro cents a share compared to 2017.
The group published the results in a 328-page annual report and said the last 18 months had been by far the most challenging in its history.