News

CA&S Group Reports Satisfying Annual Results – Year Ended 31 December 2023

Johannesburg, 27 March 2024 – CA Sales Holdings Limited “CA&S Group”, (JSE: CAA, BSE: CAS) a collective of fully integrated fast-moving consumer goods businesses operating in Africa, is pleased to announce its satisfying annual results for the year ended December 2023. The company’s performance demonstrates the successful execution of its growth strategy and commitment to delivering value to shareholders.

Key highlights of CA&S Group’s annual results include:

  • Revenue: 19.4% increase to R11.32 billion
  • Operating Profit: increased by 40. 7% to R747.31 million
  • Earnings per Share: rose by 59.5% to 125.22 cents per share
  • Headline Earnings per Share: grew by 25.3% to 97.97 cents per share
  • Dividend per Share: up by 27.4% to 19.56 cents per share

 

Mr. Duncan Lewis CEO of CA&S Group, commented, “The results we have achieved reflect the dedication and hard work of the respective businesses in our group, as well as the effective implementation of our strategic initiatives. We are pleased with the progress we have made and remain committed to driving sustainable growth and creating long-term value for all stakeholders. We are particularly grateful to our clients for entrusting us to provide route to market solutions for them.”

“We are pleased with our organic growth, the successful integration of recent acquisitions, our expansion into new regions and the on-boarding of new clients to our group’s portfolio,” Mr. Lewis added.

Gross profit increased by 21 .1 % to R1.72 billion, further demonstrating the strength of the company’s operations whilst the company’s operating profit increased by 40.7% to R747.31 million, driven by positive top-line growth and gains from strategic investments.

CA&S Group remains focused on its growth strategy, which includes expanding services to existing and new clients, broadening channels, and pursuing value-adding acquisitions. Despite the challenging global economic landscape, the company’s resilient balance sheet and diversified portfolio position it well for continued success in the year ahead.

“We have prioritised the southern and East Africa markets and are confident in our ability to navigate through the current economic uncertainties and capitalize on opportunities for growth. Together with our strategic focus and resilient business model, we are well-positioned to deliver favourable results and create long-term value for our stakeholders.” Concluded Lewis.

In addition to these financial highlights, CA&S Group is pleased to announce significant strategic developments during the fiscal year namely the increase of its footprint in Namibia with the 100% acquisition of distribution and retail execution business, T&C Group, and the acquisition of MarketMax, a sales and merchandising company, whose clients retail their brands in the pharmaceutical channel in South Africa. The group also increased its shareholding in Smithshine, based in Botswana, to 100%.