Bapcor Ltd ( (AU:BAP) ) has provided an update.
Bapcor Limited reported its financial results for the half-year ending December 2024, showing a slight increase in pro-forma group revenue to $987.8 million, but a decrease in pro-forma NPAT by 15.2% compared to the previous corresponding period. The company has been implementing cost reduction initiatives, resulting in improved cash conversion and a reduction in net debt. Despite challenges in retail and specialist wholesale segments, Bapcor’s core trade business showed growth in EBITDA. The company is on track to achieve its cost savings target and is focusing on simplifying operations and optimizing underperforming segments.
More about Bapcor Ltd
Bapcor Limited is a leading provider of vehicle parts, accessories, equipment, service, and solutions in the Asia Pacific region. The company focuses on the automotive aftermarket industry, offering a wide range of products and services to trade, retail, and specialist wholesale segments.
YTD Price Performance: -2.19%
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: €936.2M
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