Autosports Group (ASX:ASG) targets normalised NPBT of AUD 28Mn for 1HFY25.

Tue 31 Dec 24, 05:07 AM | Team Kalkine

Image source: Shutterstock

Highlights

Autosports Group Limited (ASX: ASG), dealing in the sale of new and used motor vehicles, reported an 11.81% year-on-year (YoY) growth in revenue in the financial year 2024 (FY2024), reaching AUD 2.65 million. During the reported period, new vehicle revenue increased by almost 9% YoY, supported by enhanced consumer offerings, supply and full year cycling of FY23 acquiistion. EBITDA in FY24 stood at AUD 204.5 million, reflecting a 6.5% YoY increase.

The period saw increase in number of stores to 64 from 57 in FY23.

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