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ARB - ARB News Story

A$37.14 -0.2  -0.6%

Last Trade - 1:30am

Sector
Consumer Cyclicals
Size
Mid Cap
Market Cap £1.66bn
Enterprise Value £1.64bn
Revenue £283.4m
Position in Universe 153rd / 1913

BUZZ-Citi sees U.S. market as key driver of earnings growth for Australia's ARB

Wed 21st April, 2021 2:03am
** Citi sees the U.S. market as a key driver of earnings
growth for ARB Corp  ARB.AX  over the medium term 
    ** Estimates ARB's partnership with Ford  F.N  to develop
custom parts for Bronco to be a A$5 mln ($3.87 mln) annual EBIT
opportunity, which equates to 4% of FY21 group EBIT
    ** Says analysis of ARB's U.S. customer reviews indicates
that the brand is healthy, with customers valuing the
appearance, functionality and design of the company's products
    ** Brokerage estimates increased U.S .distribution to
authorised resellers could represent an EBIT upside
    ** Says upside from distribution gains could be higher
should ARB open its own stores in the United States
($1 = 1.2933 Australian dollars)

 (Reporting by Arundhati Dutta in Bengaluru)
 ((Arundhati.Dutta@thomsonreuters.com;))
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