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Eclipx Group Provides Business Update

10 Mar 2021  |  09:25:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Eclipx Group Business Update

Eclipx Group provided update on its business for the first five months of FY 2021. At its recent AGM, the Group provided a 1Q 2021 business update, noting that NOI and NPATA, before end of lease (EOL) income, have been predictable and consistent with expectations. This trend has continued through the end of February 2021. The current EOL income outperformance is temporary in nature and has principally been driven by the limited supply of new vehicles into the Australian and NZ markets.

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