Bapcor reaffirms full-year guidance of up to $150M

• Bapcor reaffirmed its full-year underlying EBITDA guidance range of $144 million to $150 million post-AASB16.
• The announcement lifted investor sentiment and pushed the company share price higher in morning trade.
• The business maintained its operational outlook despite facing broader cost pressures and recent market volatility.

Automotive aftermarket parts supplier Bapcor (ASX:BAP) confirmed its full-year financial outlook, targeting underlying earnings between $144 million and $150 million on a post-lease basis.

The reaffirmed outlook follows an earlier earnings downgrade issued in May, which stemmed from weaker trading conditions recorded across April.

The update also detailed revised lending covenant arrangements with financial partners for upcoming testing periods through the 2027 financial year.

The company continues to implement capital management and operational improvement initiatives designed to address elevated fuel, freight, and supplier expenses.

Bapcor operates an extensive network of automotive parts, accessories, and workshop service locations across Australia and New Zealand.

Following the announcement, the Bapcor share price was up at $0.44.