Brief: National Tyre & Wheel Says Agrees To Distribute Dunlop Tyres In Australia And New Zealand

NTAW Holdings

20/09/2023 09:47

Sept 20 (Reuters) - National Tyre & Wheel  NTD.AX :
    * NATIONAL TYRE AND WHEEL LIMITED AGREES TO DISTRIBUTE
DUNLOP
TYRES IN AUSTRALIA AND NEW ZEALAND
    * ADDITIONAL ANNUALISED GROUP REVENUE ACROSS AUSTRALIA AND
NEW
ZEALAND IS ESTIMATED TO BE A$118M
    * DISTRIBUTION AGREEMENT ANTICIPATED ACCRETIVE TO EPS FROM
4QFY24
    * DISTRIBUTION OF DUNLOP TYRES EXPECTED TO COMMENCE IN NOV
2023 IN
NZ
    * DISTRIBUTION OF DUNLOP TYRES EXPECTED TO COMMENCE IN APRIL
2024
IN AUSTRALIA
    * SEES DUNLOP TYRES WILL BE DISTRIBUTED WITH MODEST INCREASE
IN
FIXED COSTS

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 ((Reuters.Briefs@thomsonreuters.com;))