Amotiv (ASX:AOV) forecasts revenue growth in FY25 amid leadership transition and cost management plans.

Mon 30 Sep 24, 04:42 AM | Team Kalkine

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Highlights

Amotiv Limited (ASX:AOV) is an ASX-listed company, which owns a portfolio of businesses providing automotive services and products, which address the changing needs of its customers globally. In the financial year 2024 (FY24), the company strategically diversified into new markets, products, customer segments and categories, resulting in organic growth which boosted the revenue by almost 7.7% to AUD 987.20 million.

During the reported period, the company significantly reduced net debt by divesting Davey and by managing capital expenditures and working capital effectively. Additionally, acquisition of Rindab and CES contributed to reduction of net debt.

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