Super Group Limited: Summarised Financial Results & cash Dividend Declaration for the Year end June 2024.
* Restated, refer to note 11 in Salient features
Looking ahead, Super Group anticipates continued macro-economic and infrastructural challenges but is optimistic that potential interest rate cuts and moderating inflation will ease the cost-of-living pressures on consumers in all operating geographies. The Group will remain focused on innovative client solutions and cost management and is well positioned to deliver a resilient financial performance for the year ending June 2025.
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| FINANCIAL RESULTS: Super Group's financial results for the year ending 30 June 2024 reflect its ability to navigate a difficult trading environment, with the Group recording notable new client wins, contract renewals and increases in market share. Revenue increased by 4.6% to R64.90 billion, benefiting from the weakening Rand and strategic acquisitions in the UK and South Africa. Despite this revenue growth, EBITDA decreased by 1.4% to R8.45 billion and operating profit fell by 5.6% to R3.79 billion, mainly due to weaker performances in the European supply chain businesses and the UK-based dealerships business. The Group has declared a dividend of 60 cents per share for the year ended 30 June 2024. Geopolitical uncertainties and infrastructural challenges in South Africa have placed significant pressure on both revenue generation and operational cost structures. Despite these pressures, the business has done well in growing market share across its Southern African Supply Chain and Dealership operations. The Group's operations span various geographies, industries and currencies and this diversification has been instrumental in managing market volatility. Super Group's revenue and operating profit contributions from its non-South African businesses were 56% and 54%, respectively. |
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