Super Group rated FM’s top stock pick for 2017 in Transport sector
“Super Group may have bucked the trend in SA vehicle sales for the year to the end of June 2016, but market conditions are expected to remain tough.Still, the fact that new vehicle sales from Super Group’s dealerships jumped 6.8 % shows it must be doing something right, considering National Association of Automobile Manufacturers of SA figures show overall sales fell 5.6 %.The group also boosted its international footprint in the past two years, which led to an increase in turnover and profit.By the year - end, non - SA businesses contributed 60 % to its operating profit.Despite the subdued outlook for SA, expect Super Group to look to buy rivals, both in SA and elsewhere.”
“Defying the economic and political headwinds, Super Group CEO Peter Mountford won the EY entrepreneur of the year award last year.Mountford’s group even bucked the trend in SA vehicle sales, reporting solid results for the year to June.Super Group has also substantially increased its international footprint in the past two years, which has boosted revenue and profit”
“We are pleased to once again feature in the Financial Mail’s Hot Stocks report and will endeavour to strengthen our position as Southern Africa’s leading transport logistics and mobility group during the course of 2017,” said Chief Executive Officer, Peter Mountford.
