Australia's Bapcor surges; on track to meet costs guidance

Bapcor

08/05/2025 03:14

** Shares of Australia's Bapcor BAP.AX rise 3.2% to A$5.18; set for biggest single-day gain since April 23

** The auto-parts maker flags it is set to hit the top end of its cost savings outlook for the current fiscal year

** Co continues to streamline specialist networks and co's retail and wholesale businesses' overviews are about complete

** BAP targeting cost savings between A$20 million ($12.91 million)-A$30 million this financial year

** Stock down 9.8% YTD

($1 = 1.5487 Australian dollars)

(Reporting by Rishav Chatterjee in Bengaluru)

((Rishav.Chatterjee@thomsonreuters.com;))