Colin Brown explains that the acquisition of LeasePan has significant scale benefits for Super Group.
CFO Colin Brown reveals that Super Group has reported an “excellent” set of results for the six months ended 31 December 2021 “despite ongoing macroeconomic challenges and tough trading conditions in several key markets and industry sectors”.
The group reported an 8.4 percent increase in revenue to R21.64 billion and a 29.7 percent operating profit increase to R1.59 billion.
Colin accredits the strong revenue growth to the acquisition of LeasePlan Australia and New Zealand, which “creates significant additional scale benefits across the operations in that region”.
The group also saw a strong sales performance in its South African supply chain and fleet businesses, despite shortages of new and used vehicle inventories resulting from the global semiconductor crisis. “Hopefully it will abate in the latter part of 2022,” Colin says.
Super Group further reported an earnings per share increase of 18.8 percent to 190.2 cents and headline earnings per share increased 19.6 percent to 290.9 cents, as well as a profit before tax increase of 22.9 percent to R1.22 billion.
Colin explains that the group continues to explore organic and acquisitive growth in all the geographies in which it operates following the success of its recent acquisitions.