Australia's Amotiv hits 5-month high on robust FY26 outlook

Amotiv

13/08/2025 05:16

Updates

** Amotiv AOV.AX rises as much as 5.1% to A$9.65; marks steepest intraday pct gain since mid April

** Stock hits highest since March 5

** Automotive solutions provider expects underlying FY26 EBITA of A$195 mln ($127 mln) vs A$192 mln in FY25, revenue growth in FY26

** Reports FY25 underlying EBITDA of A$226.4 mln vs A$223.8 mln last year

** UBS says margins better than it expected as a result of cost and efficiency efforts

** Adds outlook commentary cautious as expected, with recent margin performance suggesting subdued level of revenue growth expected; views forecast as "conservative"

** YTD, AOV down 9.3%

($1 = A$1.5326)

 (Reporting by Shruti Agarwal and Nikita Maria Jino in Bengaluru)

 ((Shruti.Agarwal@thomsonreuters.com))