Coventry Group Reports Mixed Q3 FY25 Results Amid Weather Challenges

Coventry Group Limited ( (AU:CYG) ) has provided an announcement.

Coventry Group Limited reported a 3.6% increase in Q3 FY25 sales to $87.0 million, but a significant 41.1% drop in unaudited EBITDA compared to the previous year. The decline in EBITDA was largely due to sales shortfalls in Konnect New Zealand and Fluid Systems, exacerbated by adverse weather conditions in Queensland. Despite challenges, Konnect Australia showed strong performance with a 45% increase in EBITDA and improved gross margins. The company is implementing cost reduction strategies and management restructuring to address performance issues and improve margins into FY26.

More about Coventry Group Limited

Coventry Group Limited operates in the industrial supply sector, providing a range of products and services primarily through its Konnect and Fluid Systems businesses. The company focuses on trade distribution and fluid systems, with a market presence in Australia and New Zealand.

YTD Price Performance: -26.83%

Average Trading Volume: 68,386

Technical Sentiment Signal: Buy

Current Market Cap: A$107.4M

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