Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
The latest update is out from RPM Automotive Group Ltd. ( (AU:RPM) ).
RPM Automotive Group Ltd. reported a 6% increase in revenue to $60 million for the first half of FY25, driven by diversified product offerings and increased cross-selling. Despite a challenging economic environment, the company improved its balance sheet and cash flow, although EBITDA dropped by 10% to $4.8 million. Strategic moves included divesting a non-core asset and launching a tyre recycling program, which impacted earnings negatively due to impairment and higher operational costs. The company remains focused on future growth opportunities and strengthening its market position.
More about RPM Automotive Group Ltd.
RPM Automotive Group Ltd. is a prominent entity in the Australian automotive aftermarket sector. The company specializes in a diversified range of products and services, including wholesale tyres, repairs, roadside assistance, performance accessories, and motorsport products. RPM focuses on expanding its market presence through strategic initiatives like tyre recycling and optimization strategies.
YTD Price Performance: -8.57%
Average Trading Volume: 186,016
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$17.35M
For a thorough assessment of RPM stock, go to TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue