Super Group delivers outstanding performance in tough times

Super Group reported an outstanding set of results for the year ended 30 June 2022 despite extreme market volatility. Group revenue increased by 17% to R46.2 billion and EBITDA increased by 70% to R7 billion. Operating profit before capital items increased by 44% to R3.3 billion, with the operating profit margin increasing from 5.8% to 7.1%. With operations spanning Southern Africa, Australasia, Europe and the United Kingdom, Group revenue and normalised operating profit before capital items 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,” explains Group CEO, Peter Mountford. “The Group has drawn on industry experience to address unique challenges and create new business opportunities. The outcome of these efforts is clearly evidenced in our excellent financial results.”

“The cumulative benefits of the Group’s diversity, scale and experience translate into a significant advantage for our clients,” says Mountford, “and new business wins contributed to a strong performance against a gloomy economic backdrop.” The ten-month contribution of Australasian fleet solutions provider, LeasePlan, also 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,” expands Mountford.

Super Group continues to offer a high growth investment opportunity in innovative logistics and mobility solutions, having grown shareholders’ equity from R3.4 billion at June 2012 to the current level of R16.9 billion – a compound growth rate of 17.4% per annum.

“On the back of this excellent performance, the Group has declared a dividend of 63 cents per share for the year ended 30 June 2022,” states Mountford.

“The lessons learnt in the toughest of times mean Super Group is well positioned to grow stakeholder value,” he concludes.