Annual Report

2022

Chairman's Letter

Jean-Pierre Dalais

The past couple of years have without a doubt been one of the toughest periods of our history as the SUN Group. These highly trying times have, however, demonstrated our resilience. Through the strong leadership of the new CEO and the teams that rallied together to ensure survival, we have come out fitter and leaner.

Financial Review

Highlights

Continuing Operations

Group Revenue

5,165m

FY19:

1,051m

EBITDA

1,212m​

FY19:

242m

Profit after tax

200m

FY19:

28m

Net Assets​

9,840m

FY19:

1,051m

Gearing​

34.8%

FY19:

48.1%

Net worth per share​

51.57

FY19:

7.26

Note: Comparison to pre-covid year.

Continuing Operations

Group Revenue

5,165m

FY19:

1,051m

EBITDA

1,212m​

FY19:

242m

Profit after tax

200m

FY19:

28m

Net Assets​

9,840m

FY19:

1,051m

Gearing​

34.8%

FY19:

48.1%

Net worth per share​

51.57

FY19:

7.26

Note: Comparison to pre-covid year.

CEO's Interview

Francois EYNAUD

The reopening of the Mauritian borders on 1 October 2021 was a great highlight, of course, but also a great challenge that all the teams managed with enthusiasm. Bookings at border reopening were much better than expected due to a significant “pent-up demand” from travellers. We used our closure not only to create a more efficient business, but we also analysed thoroughly the evolving travelling trends and implemented responses to the post-COVID travellers’ needs.

On 20th October 2022, Sun Resorts entered a new era as Sunlife injecting new life into a long-established and familiar brand.

We embarked on what we call a Brand-led Transformation of Sun Resorts. It’s a process that runs deeper than just another re-branding exercise. It’s a genuine process of transformation.

A transformation that will lead to the blooming of a new Sun that shines brilliantly.

Sections

Come and discover the sparkling Mauritian hospitality

Come and create unforgettable memories under the tropical sun

Come and dip your toes in the sand and awake your senses

Come and feel the sunshine on your face and feel energised

Come and discover our shores sustainably

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