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.