BUZZ-Australia's Amotiv falls after co flags decline in FY25 EBITA

Reuters

04/04

BUZZ-Australia's <a href="https://laohu8.com/S/AOV.AU">Amotiv</a> falls after co flags decline in FY25 EBITA

** Shares of Amotiv AOV.AX fall as much as 19.7% to A$7.06, their lowest levels since October 24, 2022

** Stock logs biggest intraday pct loss since mid-June 2022

** AOV is the top loser in the ASX 200 benchmark index .AXJO

** The automotive products and solution provider says it expects a marginal decline underlying EBITA in FY25, driven by performance in its lighting, power and electrical $(LPE.AU)$ segment - specifically Australian reseller demand

** Adds that U.S. tariffs are not expected to have any material impact on the group in FY25

(Reporting by Sneha Kumar in Bengaluru)

((Sneha.kumar@thomsonreuters.com;))

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