Message from our CEO
DEAR COLLEAGUES,
Preparing this message for Spirit twice a year allows me valuable time to reflect on the achievements, challenges and future prospects of Super Group. It also provides an opportunity to share our progress and celebrate the efforts of my 20 000 colleagues who have worked tirelessly to deliver another year of strong performance.
MAXIMISING
OPPORTUNITIES IN DYNAMIC MARKETS I am pleased to report that Super Group once again delivered an outstanding set of results for the year ended 30 June 2023. Revenue increased by 30.6% to R61.88 billion and operating profit increased by 20.7% to R3.95 billion. The Group’s financial performance for the year significantly exceeded that of the pre- Covid levels. In comparison with 2019, revenue has increased by 63% and EBITDA by 126%. Profit before tax and earnings per share increased by 32% and 31% respectively, with net asset value per share having increased by 52%.
In the face of unprecedented political and economic volatility, we provided our clients with exceptional solutions and delivered a sound return to shareholders. Super Group’s competitiveness was evidenced in significant new client wins, contract renewals and market share gains. Technology remains the bedrock of the Group’s unique solutions – solutions that empower our clients with unparalleled visibility, flexibility and insight.
Super Group’s deliberate diversification strategy bolstered performance in a turbulent trading environment. The Group’s operations encompass multiple industries, markets and currencies and we remain well positioned to manage fluctuating demand and supply chain disruptions. With operations spanning Southern Africa, Australasia, Europe and the United Kingdom, Group revenue and operating profit contributions from our non-South African businesses was 54% and 56%, respectively.
Super Group has continued to investigate value accretive acquisitions as part of its growth strategy, with the recent acquisition of Amco an example of how acquisitions strengthen our client offering and enhance our competitive advantage. Amco operates across the UK and Europe, and is a leading provider of specialist land, air and sea logistics. The business delivers warehousing and logistics solutions to customers in a diverse range of manufacturing sectors – including automotive, energy, pharmaceutical and FMCG.
Our Business
ENSURING LONG-TERM VALUE CREATION Balancing environmental interests with shareholder interests is crucial for long- term value creation. While pursuing growth and maximising shareholder value are essential objectives, it is equally important to consider the sustainability of the planet and the well-being of our communities. By embracing innovation and sustainability at the core of its operations, Super Group aims to pave the way for a greener, more resilient and responsible world. The business has adopted a proactive and practical approach towards environmental concerns, integrating sustainability into our core strategies and operations. By managing the Group’s carbon footprint, utilising renewable energy, minimising waste generation and supporting water conservation efforts, we protect the environment and simultaneously realise efficiencies and cost savings.
Understanding that a business cannot thrive in isolation from the ecosystem in which it operates, Super Group also strives to build and sustain symbiotic community relationships. In the 2023 financial year, the Group invested R26.4 million in CSI projects and programmes, addressing the most pressing needs of the people who live and work in the communities we serve. These initiatives encompass hunger, education, healthcare, youth development and job creation and help Super Group play a crucial role in fostering sustainable and inclusive development in our communities.
FACING THE FUTURE WITH FOCUS AND OPTIMISM With the global landscape set to remain volatile, it’s undeniable that the Group will face challenges ahead. While the operating environment may seem daunting, it presents opportunities for us to innovate and grow. Over the past decade, Super Group has proven itself to be a resilient and adaptable organisation. Its ability to overcome obstacles and seize opportunities has been the cornerstone of our success and the year ahead will be no different.
Super Group will continue to listen to its clients’ needs and provide them with solutions that exceed their expectations.
Together with technological expertise, this dedication to excellence, innovation and sustainability will continue to set us apart from competitors.
None of this would be possible without you, the people of Super Group. Thank you for your incredibly hard work. Your spirit and passion continues to drive Super Group’s success.
The future holds immense promise for our business and our unwavering determination will see Super Group navigate challenges, seize opportunities and continue to deliver sustainable value to all stakeholders well into the future.
Warm regards,
Peter Mountford Group Chief Executive Officer