Distell (DGH) FY22 Results Snapshot

Diluted HEPS 1046.9cps (+36.5% y-y).
Turnover growth +20.8% y-y.
Domestic revenue up 24.4% on 18.7% higher volumes.
Africa revenue up 16.0% with volume growth of 19.9%
GPM decreased by 110bps to 26.6%.
Dividend payments remain suspended.
Operating margin decreased by 10bps to 10.0%
Expenses were well controlled with the expense to sales % falling to 16.6% (2021: 17.6%)
CAPEX to sales increased to 4.9 % (2021: 3.4%).