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.
- AMA said that the integrations are proceeding better than expected, and it is on track to deliver synergies in FY21.
- The company is presently negotiating acquisitions with $110 million in revenue stream.
- Some recent acquisitions are expected to add $30 million in revenue.
- It has normalised EBITDA forecast of $73 million to $77 million, with business impacts due to weather conditions and falling car sales.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
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