Super Group Comments on the Strength of the Business in 2023
January 12 2024 - 8:30AM
Business Wire
Management Presents at Needham Growth
Conference on January 16 at 8:45 AM ET
Super Group (SGHC) Limited (NYSE: SGHC), the parent company of
Betway, a leading online sports betting and gaming business and
Spin, the multi-brand online casino, today provided comments by
management in advance of next week’s conference participation.
Neal Menashe, Chief Executive Officer stated, “We closed the
year strong and reiterate our 2023 ex-US financial guidance of
revenue of (EUR) 1.35 billion and operational EBITDA of at least
(EUR) 240 million. For the year, we set annual records for both
deposits and net gaming revenue and during the fourth quarter, we
achieved a new record for unique monthly active customers,
reflecting consistent customer engagement and our leading position
in key markets. The growth in Africa continues and has resumed in
Canada – this growth has more than offset the impact of regulatory
changes in India. In the US, our net EBITDA investment for the year
will be less than the (EUR) 70 million previously communicated. We
are optimistic about another year of growth in 2024 and we plan to
communicate our annual outlook when we announce our fourth quarter
2023 financial results in March.”
Participants may access a live webcast and replay of Super
Group’s presentation during the 26th Annual Needham Growth
Conference on the Super Group Investor Relations site
https://investors.sghc.com/overview/default.aspx.
About Super Group (SGHC) Limited Super Group (SGHC)
Limited is the holding company for leading global online sports
betting and gaming businesses: Betway, a premier online sports
betting brand, and Spin, a multi-brand online casino offering. The
group is licensed in multiple jurisdictions, with leading positions
in key markets throughout Europe, the Americas and Africa. The
group’s sports betting and online gaming offerings are underpinned
by its scale and leading technology, enabling fast and effective
entry into new markets. Its proprietary marketing and data
analytics engine empowers it to responsibly provide a unique and
personalized customer experience. Super Group has been ranked no.6
in the EGR Power 50 for the last two years. For more information,
visit www.sghc.com.
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