The latest update is out from RPM Automotive Group Ltd. ( (AU:RPM) ).
RPM Automotive Group Ltd. reported a 6% increase in revenue to $60 million for the first half of FY25, driven by diversified product offerings and increased cross-selling. Despite a challenging economic environment, the company improved its balance sheet and cash flow, although EBITDA dropped by 10% to $4.8 million. Strategic moves included divesting a non-core asset and launching a tyre recycling program, which impacted earnings negatively due to impairment and higher operational costs. The company remains focused on future growth opportunities and strengthening its market position.
More about RPM Automotive Group Ltd.
RPM Automotive Group Ltd. is a prominent entity in the Australian automotive aftermarket sector. The company specializes in a diversified range of products and services, including wholesale tyres, repairs, roadside assistance, performance accessories, and motorsport products. RPM focuses on expanding its market presence through strategic initiatives like tyre recycling and optimization strategies.
YTD Price Performance: -8.57%
Average Trading Volume: 186,016
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$17.35M
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