RPM Automotive restated its earlier FY23 guidance in the trading update.
RPM is anticipating FY23 reported revenue to be between AU$118 million and AU$120 million.
The company expects FY23 EBITDA to be between AU$10.5 million and AU$12 million.
A leading player in the Australian automotive aftermarket sector, RPM Automotive Group Limited (ASX: RPM), restated its earlier FY23 guidance in the trading update released on Thursday, 25 May 2023.
As per the company's reaffirmed guidance, it anticipates reported revenue to fall between AU$118 million and AU$120 million, and EBITDA to be between AU$10.5 million and AU$12 million.
RPM experienced robust growth across nine months period till 31 March this year, with unaudited sales revenue increasing 55% to AU$88.1 million YoY and unaudited EBITDA rising 43% to AU$7.6 million.
RPM shares were trading at AU$0.097, at the time of writing, on 25 May 2023, up 8.988% from its previous close.
More updates to follow soon.
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