Supergroup

21/02/2012

African unit lifts Super Group

Super Group says despite the highly competitive economic and trading environment, it saw significant earnings growth in the six months ended December.

The group said yesterday that it believed the results were mainly due to the increased profitability of its African logistics operations and the performance of the domestic supply-chain unit.

Operating profit was up 36% to R405m from the previous corresponding period, with cash generated from operations up by 105% to R767m, while consolidated gearing was reduced to 15%, from 27% previously.

CEO Peter Mountford attributed the results "mainly" to the "satisfactory performance" of the South African supply-chain business "and the strong improvement in operating margins reflected by African logistics".

Super Group’s fleet solutions business had also outperformed, following new contracts, favourable residual values, lower maintenance costs and stringent control of overheads.

The groups’s dealerships saw sales volume growth that exceeded industry statistics, Mr Mountford said, with a 19% rise in new vehicle sales.

Cash generation within the group was strong, and net borrowings fell by R330m. Its balance sheet remained robust, reflecting a net asset value per share of 947c, or 14% more than the 832c in June last year. "Revenue growth rates are expected to be in line with general economic growth ," Mr Mountford said.

Source: Business Day

21/02/2012

Super Group stock surges on first half results

Super Group's share price surged close to 10% in afternoon trade on Tuesday after the transport and logistics group announced a rise in half-year net profit.

The group revenue rose 23% to R4.7 billion in the six months to December 2011, from R3.8 billion a year ago, mainly as a result of new business generated in the supply chain SA and fleet solutions businesses, as well as a 19% increase in new vehicle sales within the dealership operations, the company said late on Monday.

Operating profit increased 36% to R405 million, reflecting an operating margin of 8.7% compared with 7.8% in the prior comparable year.

Chief executive Peter Mountford said the improved results were mainly due to the increased profitability of the African logistics operations and the "excellent" performance in the fleet solutions division.

Giving an outlook, Mountford said: "We are expecting the Southern African economy to remain pedestrian and competitive. Revenue growth rates are expected to be in line with general economic growth, other than where we generate new business or extend our product lines.

"We have identified and are considering a number of business opportunities that will be earnings-enhancing and value-accretive to the group. The Eastern Cape provincial government contract expired at the end of January 2012 and despite this loss, we are expecting to generate earnings and headline earnings of at least R1.60 per share for the year ending June 30 2012."

Source: Business Live

20/02/2012

2012 Interim Results

Super Group’s unaudited interim condensed and consolidated results for the six months ended 31 December 2011 have now been released.

Despite the prevailing highly competitive economic and trading environment, the results for the six months ended December 2011 reported by Super Group, the JSE listed transport logistics and mobility group, achieved significant earnings growth.
 

SUPER GROUP POWERING AHEAD

• Revenue for the period increased by 23% to R4,668 million
• Operating profit of R405 million up by 36% on the prior period
• Profit before taxation increased by 63% to R353 million
• Cash generated from operations up by 105% to R767 million
• Headline earnings increased by 63% to R244 million
• Reduction in consolidated gearing to 15% (30 June 2011: 27%)
   

2012 Interim Results (PDF 168Kb)

 2012 Interim Results Afr (PDF 169Kb)

 Download investor presentation (PDF 1.7Mb)

 View press release (PDF 389Kb)

16/02/2012

Super Group - Hot or Not?

Super Group recently featured on CNBC Africa’s Hot StoXX show which highlights some of the top movers on the JSE - Africa's largest stock exchange.

Hear what Anthony Durham from Cogito Capital and Daniel Isaacs from 360ne Asset Management had to say about Super Group’s recent performance and whether they feel the feel the stock is hot or not.

Watch the video clip here

01/02/2012

Super Group implements global carbon accounting solution

Super Group today announced its implementation of Greenstone Carbon Management’s Acco₂unt solution to measure, manage and reduce its environmental impact. This signals another significant step in Super Group’s drive to improve its environmental performance across its broad-based supply chain management business.

The carbon accounting software enables Super Group to identify opportunities to reduce its environmental impacts, set specific targets for business activities or regions and monitor performance over time ensuring that the associated financial savings are achieved. This will allow Super Group to track and manage the carbon emissions across its three operational divisions.

“Greenstone's Acco₂unt solution makes the whole process of tracking our emissions quicker, easier and more cost-effective. We are able to track and monitor our carbon emissions in each of our divisions and set focused reduction targets. The software allows us to review the impact of carbon emissions during current operations and also model and forecast emissions for any planned business growth,” said Nigel Redford, Group Company Secretary at Super Group.

Using Greenstone’s Acco₂unt solution, Super Group has measured its baseline carbon footprint for the past two financial years. Travel and transport accounted for 88% of emissions, primarily due to Super Group’s large fleet of company vehicles.

Greenstone’s Acco₂unt implementation partner in South Africa, Cleaner Climate, a specialist climate change consultancy, is now working with Super Group to develop a carbon emission reduction programme.

Greenstone’s CEO, Matthew de Villiers, said; “We are delighted that Super Group has selected Greenstone’s Acco₂unt solution and, together with our South African partner Cleaner Climate, we look forward to helping Super Group deliver on their commitment to becoming recognised as a leader in environmental performance. We are seeing increasing interest in companies taking a proactive approach to carbon management in South Africa and companies like Super Group are setting the example.” 

Super Group works with Greenstone Carbon Management and Cleaner Climate, using Greenstone’s Acco₂unt carbon footprinting software to calculate, measure and monitor our carbon emissions.