Brief: AMA Group Conculdes Negotiations For New Pricing For Capital S.M.A.R.T.

Ama

18/08/2023 02:14

Aug 18 (Reuters) - AMA Group Ltd  AMA.AX :
    * NEGOTIATIONS FOR NEW PRICING FOR CAPITAL S.M.A.R.T. UNDER
MOTOR
REPAIR SERVICES AGREEMENT (MRSA) WITH SUNCORP HAVE CONCLUDED
    * ARRANGEMENTS INCLUDE TRANSITIONAL SUPPORT WHILE AMA GROUP
IMPLEMENTS SEVERAL OPERATIONAL INITIATIVES THROUGHOUT FY24
    * NEW PRICING WILL APPLY TO ALL REPAIRS BOOKED FROM 1 JULY
AND
RETURNS ARRANGEMENT TO ANNUAL PRICING REVIEWS WITH CLEAR
RE-PRICING MECHANISM
    * EXPECTS CAPITAL S.M.A.R.T. TO CONTRIBUTE TO AMA GROUP
EBITDA IN
RANGE OF A$32 - 36 MILLION ON A POST-AASB 16 BASIS IN FY24
    * REVISED FY24 GUIDANCE OF BETWEEN A$86 AND A$96 MILLION
NORMALISED, POST-AASB 16 EBITDA
    * LONGER-TERM FINANCIAL ASPIRATIONS FOR GROUP REMAIN
UNCHANGED

Source text for Eikon:  ID:nASX4F0xjh 
Further company coverage:  AMA.AX 

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