Super Group is to give shareholders a special dividend after the Betway owner raised its full-year guidance.
The New York-listed group now expects 2024 revenue of €1.6bn, up from previous estimations of €1.55bn, after what CEO Neal Menashe labelled an “outstanding performance” this year.
Super Group has also raised its adjusted EBITDA guidance for 2024 to at least €360m, up from previous guidance of greater than €345m.
The uplift in the company’s forecast has allowed the board of directors to offer a special cash dividend on its ordinary shares of 15¢ per share, payable on January 8, 2025, to shareholders of record as of the close of business on December 23 this year.
“It has been a super year for Super Group and we look forward to building on this success as we move into 2025,” Menashe said.
Meanwhile, Super Group has confirmed in a filing that chief commercial officer and president, Richard Hasson, will resign in 2025.
“The effective date of Mr Hasson’s resignation from these positions is to be determined, but it is anticipated to occur during the first half of 2025 to allow for a thorough and smooth transition of his responsibilities,” an update said.
