Eclipx Group Ltd. ( (AU:FPR) ) has provided an announcement.
FleetPartners Group Limited has successfully completed its Accelerate transformation program, consolidating its operations onto a single system, which is expected to yield $6 million in annual cost savings. The company has also reached its $30 million share buy-back target for the first half of 2025, enhancing shareholder value. Despite a temporary dip in new business writings due to system changes and economic conditions in New Zealand, FleetPartners has maintained strong earnings momentum and expects to clear its order backlog by April 2025. The company’s assets under management continue to grow, and net operating income for the year to date is up 9% compared to the previous period.
More about Eclipx Group Ltd.
FleetPartners Group Limited operates in the fleet management industry, providing vehicle leasing and management services. The company focuses on optimizing fleet operations and enhancing profitability for its clients across Australia and New Zealand.
Technical Sentiment Signal: Hold
Current Market Cap: $386M
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