MaxiPARTS Faces Market Challenges Amidst Growth

MaxiPARTS Limited (AU:MXI) has released an update.

MaxiPARTS Limited reports a plateau in revenue due to an East Coast transport activity slowdown, pricing inconsistencies, and cost inflation pressures, despite growth from recent acquisitions and business initiatives. The company’s sales forecast for FY24 is between $239m and $244m, with anticipated EBITDA ranging from $22.5m to $23.1m. The integration of acquisitions such as Independant Parts and Forch is progressing, with Forch sales growing over 20% and Independant Parts’ performance meeting expectations.

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