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The latest update is out from RPM Automotive Group Ltd. ( (AU:RPM) ).
RPM Automotive Group Limited has announced the grand opening of its new tyre recycling facility, which is now fully operational and expected to exceed initial production forecasts. This development is part of RPM’s strategic focus on expanding its Tyre Division and enhancing its National Fleet business. The company reported a sales revenue of $89.9 million and an EBITDA of $9.5 million for the nine months FYTD, reflecting a 1.4% and 8.2% increase respectively compared to the previous corresponding period. RPM remains financially robust, with sufficient funding for working capital and organic growth, and is on track to achieve its FY25 revenue and EBITDA guidance.
More about RPM Automotive Group Ltd.
RPM Automotive Group Limited is a prominent entity in the Australian automotive aftermarket sector, offering a wide range of products including wheels, tyres, accessories, and apparel. The company serves both wholesale and retail customers under key brands such as Revolution Tyre Services, Revolution Racegear, and RPM Autoparts.
Average Trading Volume: 470,800
Technical Sentiment Signal: Sell
Current Market Cap: A$14.37M
Find detailed analytics on RPM stock on TipRanks’ Stock Analysis page.