Australia's RPM Automotive rises on upgraded FY22 guidance

Rpm Automotive

27/04/2022 02:31

** Shares of RPM Automotive Group  RPM.AX  rise as much as
8.6% to A$0.315, highest since Jan. 31
    ** Co posts a 48% increase in Q3 revenue to A$21.3 mln
 urn:newsml:reuters.com:*:nGLF11fFSL
    ** Posts Q3 EBITDA of A$2.3 mln, up 77%
    ** Also upgrades its FY22 guidance; now sees revenue between
A$80 mln ($57.18 mln) and A$85 mln, up from A$78 mln guided
earlier
    ** Sees FY22 EBITDA between A$7.2 mln and A$8.2 mln
    ** Trading volumes are 2.6 times the 30-day average of
127,463 shares
    ** As of last close, stock down 6.5% this year

($1 = 1.3992 Australian dollars)

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))