AMA Group reports Q1 revenue of $269M
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Key points
- AMA Group posted fiscal first-quarter revenue of $269.6 million alongside an EBITDA of $18.5 million.
- The company share price was down at $0.45 following the latest update.
- Management maintained its full-year guidance range while citing steady major crash repair volumes.
AMA Group (ASX:AMA) reported first-quarter revenue of $269.6 million and an EBITDA of $18.5 million for FY27.
The company stated that the business environment features sluggish demand for minor repairs alongside steady volumes for major crash work.
Management stated that cost-cutting initiatives and network streamlining are expected to bolster earnings over the remainder of the financial year.
The company reaffirmed its full-year guidance, forecasting an EBITDA between $75 million and $80 million.
Following the announcement, the AMA Group share price was down at $0.45.
The group operates vehicle collision repair sites and parts distribution networks across Australia and New Zealand.
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