Premier FY revenue up 3.6%

Premier Group, a leading consumer-facing operation, has reported a remarkable annual performance with earnings per share increasing by at least 17.4%. Kobus Gertenbach, the CEO of Premier Group, attributes this success to strategic investments made in the company's manufacturing facilities, systems, processes, and leadership team over the last few years. These investments have focused on enhancing efficiencies and driving economies of scale within the business, ultimately supporting the growth in profitability witnessed in the latest financial year. Specifically, significant investments have been allocated to the bakery side of the business, resulting in the upgrade and expansion of bakery facilities across various regions in South Africa. These efforts have been complemented by a strong emphasis on developing the necessary human capital and leadership skills to effectively operate and leverage these upgraded facilities. Despite operating in a volatile global environment marked by fluctuating commodity prices, Premier Group has managed to navigate these challenges successfully. In the past year, the company benefitted from a slight easing in commodity prices, particularly in wheat and maize, allowing for the adjustment of consumer prices in the markets they serve. Looking ahead, Gertenbach remains cautiously optimistic, acknowledging the potential impact of climate change on future challenges such as droughts but expressing confidence in the company's ability to adapt and respond to such risks. With a focus on maintaining a robust and agile business model, Premier Group stands well-positioned to mitigate the effects of any climate-related disruptions in the future. The company's proactive approach to monitoring and addressing potential challenges underscores its commitment to sustainable growth and resilience in the face of evolving global dynamics.