Australia's Amotiv hits over 18-month low on first-half profit miss

Amotiv

12/02/2025 24:27

** Shares of automotive parts maker Amotiv Ltd  AOV.AX  fall
9.2% to A$9.630, their lowest since July 25, 2023
    ** Stock posts biggest intraday drop since February 14, 2024
    ** AOV biggest loser in the ASX200 benchmark index  .AXJO 
    ** Posts 1H25 underlying NPAT of A$58.9 million ($37.07
million), down from A$51.4 million last year
    ** That missed Visible Alpha consensus of A$61.3 million
    ** Says growth in FY25 group revenue, underlying EBITA
expected to be driven by slightly stronger skew in 2H25
    ** More than 390,000 shares change hands, 2 times the 30-day
average of 192,473 shares 
    ** Stock down more than 9% YTD, including session's moves


($1 = 1.5891 Australian dollars)

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)
 ((Jasmeenaraislam.shaikh@thomsonreuters.com))