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SUPER GROUP LIMITED - Unaudited interim results for the six months ended 31 December 2019

Release Date: 24/02/2020 15:00
Code(s): SPG     PDF:  
Wrap Text
Unaudited interim results for the six months ended 31 December 2019

SUPER GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1943/016107/06)
Share code: SPG        ISIN: ZAE000161832
LEI: 378900A8FDADE26AD654
("Super Group" or "the Company")

UNAUDITED INTERIM RESULTS  FOR THE SIX MONTHS ENDED 31 DECEMBER 2019

FINANCIAL PERFORMANCE

Super Group reported interim results for the six months ended 31 December 2019, which have been negatively impacted by difficult trading conditions in all
the geographies within which it operates. Deteriorating South African economic growth statistics, political uncertainties in Europe and the United Kingdom
(UK) as well as changes in Super Group Fleet's product offering, culminated in a decrease in revenue and earnings.

Cash generated from operations increased by
37.9% to R2.1bn
(December 2018: R1.5 billion)

Revenue decreased by
3.0% to R18.9bn
(December 2018: R19.4 billion)

Headline earnings decreased by
12.3% to R552m
(December 2018: R630 million)

Headline earnings per share decreased by
12.3% to 152.5c
(December 2018: 173.8 cents)

Earnings per share decreased by
19.4% to 142.0c
(December 2018: 176.3 cents)

Net asset value increased by
0.7% to R12.7bn
(June 2019: R12.6 billion)

No dividend has been declared for the six months ended 31 December 2019 (December 2018: Nil).

REGULATORY REQUIREMENTS

The content of this short-form announcement is the responsibility of the Board of directors of Super Group. The information in the short-form announcement
is a summary of the full announcement available on the Company's website at http://www.supergroup.co.za/investors/financial on 24 February 2020 and
accordingly does not contain full or complete details. The full announcement can also be accessed online at
https://senspdf.jse.co.za/documents/2020/JSE/ISSE/SPG/HYresults.pdf.

The information in this announcement has been extracted from the Unaudited Financial Statements for the six months ended 31 December 2019. This announcement
and the Unaudited Financial Statements have not been reviewed by the Company's external auditor, KPMG Inc. The Unaudited Financial Results have been
prepared under the supervision of the Chief Financial Officer, Colin Brown, CA(SA), BCompt (Hons), MBL.

Any investment decisions by shareholders/investors should be based on the full announcement as released by the JSE and published on the Company's website,
http://www.supergroup.co.za. The full announcement is also available at the Company's registered office (for inspection, at no charge, during office hours on any
business day) and at the offices of the sponsor, Investec Bank Limited, from 24 February 2020 to 2 March 2020, both days inclusive. Copies of the full
announcement may be requested by contacting John Mackay on telephone: +27(0)11 523 4000, email: john.mackay@supergrp.com or fax: +27(0)11 523 4858.

For and on behalf of the Board:

Phillip Vallet              Peter Mountford
Chairman of the Company     Chief Executive Officer

Sandton                     Registered office                                     Sponsor
24 February 2020            27 Impala Road, Chislehurston, Sandton, 2196          Investec Bank Limited

http://www.supergroup.co.za



Date: 24-02-2020 03:00:00
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