Bapcor Ltd (AU:BAP) has released an update.
Bapcor Ltd, a key player in the automotive aftermarket industry, anticipates a lower second half FY24 Pro-Forma NPAT, forecasting between $93m and $97m, amid challenging retail conditions, competitive pressures, and unrealized expected benefits from efficiency programs. Despite the setbacks, including a potential impairment of assets, the company’s Trade and Specialist Networks segments continue to see sales growth. Management is focused on cost reduction and remains optimistic about the industry’s resilience and the company’s long-term prospects.
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