AMA Group Flashes Strong Pipeline in Update

  • Dec 20, 2019 AEDT
  • Team Kalkine

AMA Group Ltd (ASX: AMA) has provided a company update, sending the stock down to $0.895 (AEDT 1:56 PM), equating to a fall of 18.63 per cent during the day.

Integration;

  • AMA said that the integrations are proceeding better than expected, and it is on track to deliver synergies in FY21.

Acquisitions;

  • The company is presently negotiating acquisitions with $110 million in revenue stream.
  • Some recent acquisitions are expected to add $30 million in revenue.

Current Trading;

  • It has normalised EBITDA forecast of $73 million to $77 million, with business impacts due to weather conditions and falling car sales.

 

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