Key points
- Total revenue up 2.4% to $1,373 million
- Statutory EBITDA of $80 million
- Normalised NPBT of $20 million, lower than previous guidance
Full summary
Autosports Group Limited (ASX: ASG) has provided a preliminary and unaudited trading update for the six months ending 31 December 2024 (H1 FY25). The company previously announced on 22 November 2024 that it expected to deliver H1 FY25 normalised NPBT of approximately $28 million, assuming current trading conditions remained in place. However, new vehicle trading conditions were challenging in November and December 2024, leading to lower than anticipated new vehicle revenues for this period. Subject to the completion of Autosports Group's half year report and review by external auditors, it is expected that total revenue will be $1,373 million, up 2.4% on the previous corresponding period, statutory EBITDA will be $80 million, and normalised NPBT will be $20 million. Autosports Group will provide more detail on trading conditions, growth strategy and its outlook with the announcement of its H1 FY25 results on 20 February 2025.