SUPER GROUP (SGHC) Reports Q1 Revenue of EUR338.5M, Reflecting Year-on-Year Growth

☀️Trending News

SUPER GROUP ($NYSE:SGHC) (SGHC) recently reported their Q1 revenue of EUR338.5 million, representing a year-on-year growth. SGHC is a publicly traded company that has become a leader in the global e-commerce industry. Through its innovative products and services, SGHC has been able to expand its customer base and offer a range of products to customers who are looking for convenience and cost-effectiveness. The company’s Q1 revenue shows significant growth as compared to the same quarter last year, which indicates their successful execution of strategies and investments in new product lines and services.

In addition, SGHC has been expanding its presence in many countries, especially those in Europe, Asia and North America, which contributed to their growth in the quarter. The strong Q1 revenue was also driven by the company’s focus on customer experience. By providing a wide range of products and services at competitive prices, SGHC has been able to attract more customers and retain them in the long run. The company’s commitment to customer satisfaction has helped them to build trust among their loyal customer base, which has resulted in increased sales. Overall, SGHC’s Q1 revenue of EUR338.5 million reflects their successful investments in innovative products and services, as well as their focus on customer satisfaction. By continuing to focus on these areas, SGHC is poised to maintain their strong performance in the future and further build upon their success.

Earnings

SUPER GROUP (SGHC) recently released its Q1 earning report for fiscal year 2023, reporting total revenue of 338.52M EUR and net income of 38.57M EUR as of March 31 2021. This marks a 6.8% increase in total revenue and a 123.6% decrease in net income compared to the same period last year. In the last three years, SUPER GROUP’s total revenue has seen a steady increase, reaching 338.52M EUR in the latest quarter. This growth reflects the company’s commitment to delivering positive financial results and long-term value for its shareholders.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Super Group. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Super Group. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Super Group. More…

Key Ratios Snapshot

Some of the financial key ratios for Super Group are shown below. More…

Share Price

The stock opened at $3.2 and closed at the same price, representing a 2.5% increase from the previous closing price. This positive news sent SGHC’s stock up, creating a positive sentiment amongst investors. The financial results were supported by strong operating performance across all of its business segments. SGHC remains confident that it can continue to deliver consistent growth in the future due to its strong leadership, product innovation and customer focus.

The company’s outlook remains positive, as it looks to build on its momentum to continue to drive growth in the upcoming quarters. SGHC will continue to focus on finding ways to improve customer satisfaction and expand its presence in new markets. Live Quote…

Analysis

At GoodWhale, we recently completed an assessment of the fundamentals of SUPER GROUP. Our analysis resulted in a Medium Risk Rating for this investment, indicating some potential financial and business risks. Upon further examination, we detected two risk warnings within the SUPER GROUP’s income statement and cashflow statement. If you register with us, you can view these risk warnings for yourself and make an informed decision before investing. Ultimately, it is up to you to decide whether the risks involved are worth the potential reward. With GoodWhale, we strive to provide an objective assessment and reliable detection of these risks so you can make the best possible decision. More…

Peers

The competition between Super Group (SGHC) Ltd and its competitors is fierce. All four companies are vying for market share in the online gambling industry. SGHC Ltd has a strong presence in the UK and Europe, while 888 Holdings PLC and bet-at-home.com AG are both based in Gibraltar. Codere Online Luxembourg SA is headquartered in Luxembourg.

– 888 Holdings PLC ($LSE:888)

The company’s market cap is 448.12M as of 2022 and its ROE is 9.83%. The company is a provider of online gaming services.

– bet-at-home.com AG ($LTS:0RIP)

Bet-at-home.com AG is a gaming and online betting company that offers sports betting, live betting, casino, and poker games to its users. The company was founded in 1999 and is headquartered in Dusseldorf, Germany. As of 2022, Bet-at-home.com AG has a market cap of 31.65M and a Return on Equity of 13.09%.

– Codere Online Luxembourg SA ($NASDAQ:CDRO)

Codere Online Luxembourg SA is a gaming company that offers online gambling products and services. The company has a market capitalization of $107.84 million and a negative return on equity of 82.23%. Codere Online Luxembourg SA focuses on providing online gambling products and services to customers in Europe.

Summary

Investors should take note of this figure and analyze how it compares to SUPER GROUP‘s previous financial performance. For instance, investors should assess how the latest quarterly revenue compares to that of the same quarter in the previous year.

Additionally, investors should be aware of the company’s current financial health. This can be done through studying and analyzing its balance sheet, income statement, and cash flow statement. Furthermore, investors should be mindful of any potential risks associated with investing in SUPER GROUP. This can include evaluating the company’s debt levels, management team, competitive landscape, and potential catalysts that could affect the company’s share price. All of these factors should be considered when deciding whether to invest in SUPER GROUP.