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AMA Group Strengthens Partnership with Suncorp Through Updated Agreement

Story Highlights
  • AMA Group updates its repair services agreement with Suncorp, adjusting prices for inflation.
  • The partnership aims to expand repair capacity and improve service efficiency over four years.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
AMA Group Strengthens Partnership with Suncorp Through Updated Agreement

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Ama Group Limited ( (AU:AMA) ) has shared an announcement.

AMA Group Limited has updated its Motor Repair Services Agreement with Suncorp, incorporating industry-specific inflationary measures to adjust pricing. The collaboration aims to enhance service delivery by expanding network capacity, targeting twelve new locations, and increasing repair volumes by 40,000 annually over the next four years. The recent completion of Project SHIFT by Capital SMART has improved repair quality and efficiency, aligning with insurer frameworks and operational improvements.

More about Ama Group Limited

AMA Group Limited operates in the automotive industry, providing motor repair services. The company focuses on delivering high-quality, cost-efficient, and timely repairs through its Capital SMART and AMA Collision network.

YTD Price Performance: 7.14%

Average Trading Volume: 5,204,766

Technical Sentiment Signal: Buy

Current Market Cap: A$287M

For a thorough assessment of AMA stock, go to TipRanks’ Stock Analysis page.

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