Jefferies sees potential risk to Peter Warren's FY24 earnings

Peter Warren Automotive Holdings

18/01/2024 21:00

** Analysts at Jefferies see risk to FY24 results by
Australia's automotive parts retailer Peter Warren  PWR.AX  
    ** Says problems around order book being highly embedded is
similar to that of rival Eagers Automotive  APE.AX  
    ** However, says co might benefit if mergers and
acquisitions activity picks up
    ** Sees PWR to record a 27% drop in 1H net profit after tax
and 11% on group's EBITDA
    ** PWR fell 9.6% in 2023

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))