Karooooo’s Strong Momentum in Number of Subscribers Carried Through for the 2022 Financial Year
Fourth Quarter and full year 2022 Financial Results to be reported on
Strong momentum in the number of subscribers carried through for the 2022 financial year (“2022”), ended
The growing demand by small to large enterprises wanting to digitally transform their business to remain competitive prevailed throughout 2022. Despite persistent changing and challenging operating conditions, Karooooo’s operational resilience, coupled with its profitable and robust business model drove new customer additions, delivering continuous growth in the total number of subscribers (connected vehicles and equipment on our platform).
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1,525,972 subscribers in total for 2022, up
17% (2021: 1,306,000) -
219,972 net subscriber additions for 2022, up
23% (2021: 179,485)
“It is encouraging that in our first year as a NASDAQ listed company, our subscriber growth for 2022 was in line with our growth outlook. I am pleased with Karooooo’s resilience and execution despite the persistent operating headwinds resulting from the Covid-19 pandemic during the period,” commented
Webinar ID: 894 2780 0885
Telephone:
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US (
New York ) Toll-free: +1 646 558 8656 -
South
Africa Toll -free: +27 87 551 7702
Replay available at www.karooooo.com approximately three hours after the live event.
About
View source version on businesswire.com: https://www.businesswire.com/news/home/20220406005594/en/
Investor Relations
Phillipe Welthagen
IR@karooooo.com
+27 84 512 5393
Media
media@karooooo.com
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