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National Tyre & Wheel Ltd. ( (AU:NTD) ) has provided an announcement.
National Tyre & Wheel Ltd. (NTAW) has reported a significant improvement in its financial performance for the second half of the fiscal year ending June 2025, under the leadership of new CEO Warwick Hay. Despite a challenging first half and a net loss for the year, the company achieved an Operating EBITDA of $30.3 million, driven by cost reductions and improved inventory management. The strategic changes have set a foundation for future growth, with plans for further debt reduction and operational improvements in the coming year.
The most recent analyst rating on (AU:NTD) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on National Tyre & Wheel Ltd. stock, see the AU:NTD Stock Forecast page.
More about National Tyre & Wheel Ltd.
National Tyre & Wheel Ltd. operates in the automotive industry, focusing on the distribution and retail of tyres and wheels. The company serves both wholesale and retail markets, with operations in Australia and New Zealand.
Average Trading Volume: 86,756
Technical Sentiment Signal: Hold
Current Market Cap: A$57.02M
See more insights into NTD stock on TipRanks’ Stock Analysis page.