Super Group reported a 26% decline in annual headline earnings due to geopolitical uncertainties and severe infrastructure issues in South Africa.
- Headline earnings per share dropped to 353.8 cents, while revenue rose 4.6% to R64.9 billion, benefiting from acquisitions and a weaker rand.
- Despite revenue growth, EBITDA fell by 1.4% to R8.45 billion, and operating profit decreased by 5.6% to R3.79 billion due to weaker European and UK operations.
- South African challenges include a weak rand, persistent electricity and water supply problems, and infrastructure issues with rail and ports, affecting growth.
- European growth is hindered by ongoing conflicts in Ukraine and the Middle East, exacerbating food and energy price increases.
- Super Group declared a final dividend of 60 cents per share, down from 80 cents the previous year, reflecting the difficult trading environment and ongoing infrastructure challenges.