Autosports Group Ltd FY26 Results
Key points
- FY26 revenue increased by 11.9% driven by acquisitions
- Strong growth in new vehicle order bank up 290%
- Maintained gross margin at 18.5% despite higher costs
Full summary
Autosports Group Ltd reported a solid FY26 performance with revenue growth of 11.9% to $3.186 billion, driven by acquisitions and a 290% increase in the new vehicle order bank. The company achieved a gross profit of $589.7 million and an EBITDA of $186 million. Despite higher costs from acquisitions and interest rates, gross margins remained stable at 18.5%. The company also saw growth in its luxury brand portfolio, with new dealerships for brands like Zeekr, Geely, and XPENG. Looking ahead, the company expects continued growth in FY27, driven by the cycling of FY26 acquisitions and the full-year impact of greenfield dealerships.
Guidance
FY27 revenue growth expected from cycling of FY26 acquisitions
Outlook
Autosports Group Ltd expects to continue its growth trajectory in FY27, driven by the full-year impact of recent acquisitions and greenfield dealerships.
Summary generated by a large language model. Please interpret with care.