Super Group’s Board of directors is pleased to report an excellent set of results for the year ended 30 June 2013. The Group has achieved a significant increase in earnings notwithstanding the difficult economic and trading environment. The results were positively impacted by the acquisitions made during the financial year as well as organic growth in all three divisions.
Financial highlights for the year ended 30 June 2013
The South African Supply Chain business experienced intensified competition, especially in the Fast Moving Consumer Goods (FMCG) market where indicators confirmed that the South African consumer remained under pressure. The transport and logistics industry was also adversely impacted by protracted strike action and labour unrest during the first half of the year and above inflationary labour cost increases.There was a marked slowdown in Australian commodity exports and the retail consumer market remained subdued as a result of the strong Australian Dollar. However, SG Fleet secured some landmark contracts. FleetAfrica performed ahead of expectations, testament to the resilience and sustainability of the South African operation in a highly competitive trading environment. NAAMSA new car sales reported for the year to 30 June 2013 grew by 8,8% compared to 20,0% for the comparable year to 30 June 2012. The Group successfully implemented a Broad-Based Black Economic Empowerment (B-BBEE) Staff Scheme for the South African Operations, retaining its Level 3 B-BBEE rating.