Super Group reports a strong performance in a turbulent market
Logistics company Super Group has reported strong results for the financial year ended June 30, despite “extreme market volatility”.
The group’s revenue increased by 17% year-on-year to R46.2-billion and its earnings before interest, taxes, depreciation and amortisation increased by 70% to R7-billion.
Operating profit before capital items increased by 44% year-on-year to R3.3-billion, with the operating profit margin increasing from 5.8% to 7.1%.
With operations in Southern Africa, Australasia, Europe and the UK, Super Group’s revenue and normalised operating profit before capital item contributions from non-South African businesses were 51% and 53%, respectively.
“Super Group has resiliently weathered the global shockwaves of events such as the war in the Ukraine, global logistics and supply chain disruptions and extreme weather. The group has drawn on industry experience to address unique challenges and create new business opportunities,” Super Group CEO Peter Mountford highlighted on August 30.
He said the cumulative benefits of the group’s diversity, scale and experience translated into an advantage for its clients.
“New business wins contributed to a strong performance against a gloomy economic backdrop,” he said, noting how the ten-month contribution of Australasian fleet solutions provider LeasePlan had boosted results.
“The integration of LeasePlan into our SG Fleet business is progressing well and the combined entity is already delivering strongly on the potential created by bringing two leading businesses together,” Mountford said.
Super Group’s shareholders’ equity has grown from R3.4-billion in 2012 to the current level of R16.9-billion – a compound growth rate of 17.4% a year.
On the back of the strong performance, Super Group has declared a dividend of 63c a share for the year.
“The lessons learnt in the toughest of times mean Super Group is well positioned to grow stakeholder value,” Mountford said.
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