Super Group’s diversified revenue brings strong results, says CFO Colin Brown
The group has declared a dividend for the first time since 2007, with revenue growth of 14 percent.
Super Group has reported a strong set of results for the year ended 30 June 2021, declaring its first dividend (47 cents per share) since 2007.
The group also reported a revenue increase of 14 percent to R39.5 billion and operating profit increase of 44 percent to R2.3 billion.
CFO Colin Brown says he is proud of the “excellent cash generation” in what has been a very difficult macroeconomic environment with tough trading conditions in several key markets and industry sectors.
For Super Group, the Covid-19 pandemic necessitated a thorough strategic review of all businesses and the rightsizing of operations to ensure that business models remain relevant to fluctuating levels of demand. The benefit of these initiatives manifested strongly in the group’s European and South African supply chain businesses.
The group’s dealership businesses in South Africa and the United Kingdom also demonstrated a significant recovery from the previous year.
Colin (winner of the 2014 Finance & Transformation and Strategy Execution, as well as the 2015 Finance & Transformation Awards) accredits the group’s strong performance to its diversified revenue across the supply chain, fleet management and dealerships businesses across Africa, the United Kingdom, Europe, Australia and New Zealand.
Going forward, he explains that the group continues to see acquisition opportunities in some of the territories it operates in. “We have just concluded a large acquisition of LeasePlan in Australia and New Zealand that increases the size of our fleet by 75 percent to 241,000 vehicles.”