Tag: Peter Mountford
Super Group has reported a headline earnings decrease of 59.6 per cent, to 151.2 cents. Major business disruptions impacted the Group’s trading severely, in the countries it operates in. Super Group CEO, Peter Mountford joins CNBC Africa for more.
COVID-19 lock-downs have put the brakes on the global car market, with new vehicle sales in South Africa skidding to a virtual standstill in April. Under the relaxed level 4 lock-down, the local car market has reopened but there are still uncertainties around whether new cars can be sold. Peter Mountford, CEO of Super Group joins CNBC Africa for more.
Ratings agency S&P has downgraded transport giant Super Group as the company’s supply chain, transport and car dealership operations in South Africa, Australia and Europe would be significantly hurt by the COVID-19 pandemic. Joining CNBC Africa to unpack more is Peter Mountford, CEO of Super Group.
Super Group followed the slew of negative earnings coming out of JSE-listed companies today. The logistics group's headline earnings per share decreased by just over 12 per cent to 153 cents and selected not to pay a dividend but is considering a share buyback programme. It attributed the drop to the difficult trading conditions in all the geographies within which it operates. Super Group CEO, Peter Mountford spoke to CNBC Africa’s Chris Bishop and Nesan Nair, Senior Portfolio Manager, Sasfin Securities.
Super Group’s interim results reveal an increase in headline earnings per share by 12.1 per cent to 173.8 cents per share. Despite a tough 2018 the company were able to expand, increasing their net assets by 6.9 per cent however the company also reported and increased in debt of R208 million. Peter Mountford, CEO at Super Group joins CNBC Africa for more.