Coventry Group Limited Reports Disappointing FY25 Results: Sales Revenue Down 1.7%, EBITDA Drops 40.9% Compared to FY24
Coventry Group Limited has released its FY25 results, revealing a revenue of $364.6 million, representing a 1.7% decline compared to FY24. The company reported an EBITDA of $12.3 million, marking a 40.9% decrease from the previous year. Additionally, net assets stood at $111.2 million, down from $143.1 million in FY24. Coventry Group has undergone a substantial restructure aimed at driving growth, with a focus on improving sales growth run rate, maintaining gross margins, and disciplined cost control. The company has set a target for 10%+ EBITDA margins in the future. For FY26, Coventry Group is prioritizing disciplined execution and delivering on commitments, with guidance indicating an earnings target of over $20 million EBITDA, excluding the benefit of cost reductions. The company is also implementing new leadership with a new CEO and CFO, simplifying banking arrangements, and targeting approximately $10 million in corporate cost reductions.
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