Supergroup (SPG) FY23 – Results Snapshot

HEPS 464.1cps (+23.4% y-y).
Turnover increased by 30.6% y-y to R61 877m.
OPM decreased by 50bps to 6.4%.
Expenses increased by 31.4% y-y with expense to sales increasing to 93.6% from 93.1%.
Dividend of 80cps.
Cash generated from operating activities up 2.2% y-y to R3 153m.
Acquisitions of businesses during the period included 100% of the Delgarth dealerships, the Gillingham Ford dealership and a Suzuki dealership in the United Kingdom, 75% of Transporte Inmediato and Delver in the north of Spain, and 51% of RSC and Clean Tech in Supply Chain Africa.
On 19 July 2023, Super Group announced its acquisition of 78.82% of the equity of CBW Group Holdings Limited (trading as Amco) for a purchase consideration of GBP 30.3 m. Super Group raised a five-year corporate bond on 29 June 2023 amounting to R810 m in order to fund the acquisition.