Autosports Group finish the year with almost $1.7b in revenue

Company News

by Rachael Jones

Autosports Group (ASX:ASG) held their AGM today showing that they finished the year with approximately $1.7 billion in revenue and $60 million in EBITDA.

2018 saw the company strengthen their BMW presence in Victoria with the acquisition of Melbourne BMW.

They also bought a panel shop in Sydney's North Shore – this business is expected to have a positive impact by adding Volvo and Volkswagen to the list of OEM approved panel shops.

The luxury car market has performed below the broader new vehicle sales market in the five months in to FY2019.
They paid 9 cents per share in dividends to shareholders.

Shares in Autosports Group (ASX:ASG) trading 0.9 per cent lower at $1.16.
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.