Australia's Amotiv falls after co flags decline in FY25 EBITA

Amotiv

04/04/2025 24:53

** Shares of Amotiv AOV.AX fall as much as 19.7% to A$7.06, their lowest levels since October 24, 2022

** Stock logs biggest intraday pct loss since mid-June 2022

** AOV is the top loser in the ASX 200 benchmark index .AXJO

** The automotive products and solution provider says it expects a marginal decline underlying EBITA in FY25, driven by performance in its lighting, power and electrical (LPE) segment - specifically Australian reseller demand

** Adds that U.S. tariffs are not expected to have any material impact on the group in FY25

 (Reporting by Sneha Kumar in Bengaluru)

 ((Sneha.kumar@thomsonreuters.com;))