Supergroup

HY Results: Results were guided for. SA now makes up 45% of total revenue (HY22: 48%). UK comprises 30% of revenues (HY22: 10%) thanks to higher new vehicle sales & a weak ZAR. Net Debt/ Ebitda incl. leases (TTM) 4x (5x HY22), while Net Debt/ Ebitda ex-leases (TTM) of 3x (4.6x HY22). The NAV/share fell -2.2% to R45.35.
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