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Coventry Group Limited ( (AU:CYG) ) just unveiled an update.
Coventry Group Limited reported a challenging FY25, with a 1.7% decline in sales and a 40.9% drop in unaudited EBITDA due to softer market conditions, ERP system implementation disruptions, and ineffective sales growth strategies. The company is taking immediate actions to right-size its cost base, aiming for a $10 million annualized cost reduction, and is focusing on sales growth and debt reduction to improve financial performance in FY26.
The most recent analyst rating on (AU:CYG) stock is a Buy with a A$1.85 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 trade distribution and fluid systems industry, providing products and services across Australia and New Zealand. The company focuses on maintaining attractive gross margins and has significant revenue scale, with no underlying significant market structural issues.
Average Trading Volume: 31,301
Technical Sentiment Signal: Sell
Current Market Cap: A$91.26M
Learn more about CYG stock on TipRanks’ Stock Analysis page.