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Company News Summary

Automotive Holdings Group Provides Trading Update

14 May 2019  |  08:27:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: TRADING UPDATE

Automotive Holdings Group announced that, based on trading performance for the 10 months to the end of April 2019 and current market conditions, it expects to deliver FY2019 Operating NPAT in the region of $50m. This compares to its previous guidance of FY 2019 Operating NPAT of between $52 - $56m provided in February 2019. The revised outlook reflects the challenging conditions in franchised automotive retail volumes and margins, as well as weaker than expected April performance in its Refrigerated Logistics division on the back of subdued Easter trading.

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