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Coventry Group Limited ( (AU:CYG) ) has shared an announcement.
Coventry Group Limited reported a disappointing financial performance for FY25, with sales declining due to softer market conditions, ERP system implementation challenges, and ineffective sales growth strategies. The company has undergone significant management changes, appointing a new CEO, CFO, and CIO, and is committed to a ‘back to basics’ strategy aimed at improving sales growth, cost reduction, and financial performance in FY26. The new management team has initiated a comprehensive re-forecasting process, with a focus on achieving an ambitious $20 million EBITDA target for FY26, supported by improved sales and cost reduction initiatives.
The most recent analyst rating on (AU:CYG) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Coventry Group Limited stock, see the AU:CYG Stock Forecast page.
More about Coventry Group Limited
Coventry Group Limited operates in the industrial sector, focusing on the distribution of industrial products and services across Australia and New Zealand. The company is involved in providing a range of products including fasteners, fluid systems, and other industrial solutions.
Average Trading Volume: 63,620
Technical Sentiment Signal: Sell
Current Market Cap: A$82.74M
For a thorough assessment of CYG stock, go to TipRanks’ Stock Analysis page.