- In less than 10 years, Super Group’s market cap grew by R14.65 billion, increased revenue by 250% and operating profit by 185%
Super Group, a leading transport logistics and mobility group, is a real South African business success story having reported remarkable growth under the leadership of CEO, Peter Mountford, who was recently named the 2018 All Africa Business Leader of the Year at the All Africa Business Leaders Awards (AABLA™) Grand Finale.
The AABLA distinguish and honour leaders who have contributed and shaped the African economy, and are visionaries behind today’s outstanding businesses. Previous winners of the All Africa Business Leader of the Year award include Adrian Gore, Founder and CEO of Discovery; Segun Agbaje, Managing Director of GT Bank; and Khalid Abdulla, Group CEO of African Equity Empowerment Investments.
Mountford joined the illustrious company of other 2018 AABLA award winners including Sol Kerzner, who was awarded the Lifetime Achievement Award, and Sir Donald Gordon who was recognised as the Philanthropist of the Year. Super Group was also nominated as a Finalist for the Company of the Year award which was won by Ethiopian Airlines.
“Peter has sustainably led Super Group over the last ten years by firstly driving the turn around and ultimately its growth strategy that has accorded the group a position of being one of the prominent leading transport logistics and mobility group of companies in the world. The growth strategy included investment and operations in 7 countries in Africa, 2 countries in Europe (Germany & the UK), Australia and New Zealand. He is worthy the AABLA's and representative of Africa's best for 2018,” said Sam Bhembe, AABLA Head Judge and CNBC Africa Non-Executive Director.
“This achievement is testament to the hard work and dedication of our people which is what makes Super Group a great company. Without the support of our staff we would not have achieved the levels of success we have enjoyed to date,” said Mountford. “Our strategy of being an innovative, integrated mobility solutions company remains integral to growing and expanding our core businesses, with the Group exploring viable acquisition opportunities, both locally and abroad.”
Mountford joined Super Group in 2009, when the market capitalisation hit an all-time low of R350 million. Fast forward to ten years later, under Mountford’s leadership, the Group now has a market cap of R15 billion.
The Group has seen substantial growth over the past four years, with revenue increasing by 250% from R14.2 billion in 2014 to R35.6 billion in 2018, and a 185% increase in operating profit from R1.3 billion in 2014 to R2.4 billion in 2018, realising significant investment growth for shareholders.
“The Group has performed above expectation, producing a stellar set of results which are really pleasing, given the prevailing economic and political conditions, both in South Africa and abroad. It is the attainment of this objective that drives Peter and his team to continue to grow the business through a blend of strategic acquisitions and organic growth, despite challenging circumstances. I would like to extend our appreciation to Peter, the Super Group leadership team and all our employees for contributing to the Group’s success,” said Phillip Vallet, Chairman, Super Group.
The Group reported a record set of results for the year ended 30 June 2018, mainly attributable to the excellent performance by the commodities businesses within Supply Chain Africa, good contributions from the acquired businesses, and solid results from SG Fleet. The Dealerships SA and UK operations outperformed their respective markets, while the South African consumer business operated in an environment characterised by poor consumer demand and competitive trading conditions.
Another notable achievement during the year under review was Super Group Holdings Proprietary Limited’s B-BBEE status increasing from a level 2 contributor to a level 1 contributor.