Turners Automotive Group Flags Tougher Fiscal 2027 Trading Conditions, Retains NZ$65 Million Profit Target

MT Newswires Live
08/19

Turners Automotive Group (ASX:TRA, NZE:TRA) retained its NZ$65 million fiscal 2027 net profit before tax (NPBT) target despite acknowledging short-term execution risks, and remains confident in its longer-term strategy to reach NZ$100 million in NPBT by fiscal 2031, according to a Wednesday filing with the New Zealand bourse.

The company said fiscal 2027 trading conditions have become tougher, citing weaker consumer confidence, higher fuel prices, reduced demand for diesel and large-engine vehicles, greater pressure on vehicle margins and a 14% year to date decline in ex-lease sales volumes through July, per the filing.

Meanwhile, the company's group profit for the four months to July was 4% ahead of fiscal 2026, driven by strong finance growth, with the loan book up 7.5% since March and arrears remaining stable, the filing added.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10