Autosports Group’s (ASX: ASG) FY25 revenue likely to get a boost following Stillwell Motor acquisition

Mon 04 Nov 24, 07:44 AM | Team Kalkine

Image source: shutterstock

Highlights

ASG has acquired B S Stillwell Motor Group Pty Ltd recently for AUD 53 million

In FY24, revenue rose 11.6% YoY to AUD 2,646.9 million, despite a competitive market, while statutory NPAT declined by 7.8% due to a significant increase in interest costs

The Stillwell acquisition is projected to boost revenue by AUD 260 million in FY25

Autosports Group Limited (ASX: ASG) is an ASX-listed company engaged in the sale of used and new motor vehicles and provides a range of high-quality automotive options. The company also provides finance and insurance solutions and excels in aftermarket services, including collision repair, spare parts sales, and motor vehicle servicing.

Recently, the company made significant addition to its portfolio with the acquisition of B S Stillwell Motor Group Pty Ltd, now operating under the wholly owned subsidiary, AGS Investment Holdings Pty Ltd.

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