Amotiv Ltd
ASX:AOV
Amotiv Ltd
Amotiv Ltd is a AU-based company operating in Automobile Components industry. The company is headquartered in Melbourne, Victoria and currently employs 1,945 full-time employees. Amotiv Limited, formerly G.U.D. Holdings Limited, owns a portfolio of companies specializing in providing automotive products and solutions that meet the evolving needs of its customers worldwide. Its divisions include 4WD Accessories and Trailering; Lighting, Power and Electrical; and Powertrain and Undercar. Its 4WD Accessories and Trailering division encompasses various brands, including AutoPacific Group (APG), Hayman Reese, CruiseMaster, ECB, Rola, Parkside, Trojan, Trail Boss, Kaymar, TriMotive, BestBars, Fully Equipped, Crown Canopy, X-Bar, Christine Products and others. Its Lighting, Power and Electrical division is engaged in delivering advanced lighting, power, and electrical solutions. The division includes several brands, including Brown & Watson International (BWI), Projecta, Big Red Gear, Twisted Throttle and others. Its Powertrain and Undercar division encompasses various brands, including Ryco Filters, AA Gaskets, Infinitev, Australian Clutch Services (ACS), and others.
Amotiv Ltd is a AU-based company operating in Automobile Components industry. The company is headquartered in Melbourne, Victoria and currently employs 1,945 full-time employees. Amotiv Limited, formerly G.U.D. Holdings Limited, owns a portfolio of companies specializing in providing automotive products and solutions that meet the evolving needs of its customers worldwide. Its divisions include 4WD Accessories and Trailering; Lighting, Power and Electrical; and Powertrain and Undercar. Its 4WD Accessories and Trailering division encompasses various brands, including AutoPacific Group (APG), Hayman Reese, CruiseMaster, ECB, Rola, Parkside, Trojan, Trail Boss, Kaymar, TriMotive, BestBars, Fully Equipped, Crown Canopy, X-Bar, Christine Products and others. Its Lighting, Power and Electrical division is engaged in delivering advanced lighting, power, and electrical solutions. The division includes several brands, including Brown & Watson International (BWI), Projecta, Big Red Gear, Twisted Throttle and others. Its Powertrain and Undercar division encompasses various brands, including Ryco Filters, AA Gaskets, Infinitev, Australian Clutch Services (ACS), and others.
Guidance Reaffirmed: Amotiv reiterated its FY '26 outlook, expecting revenue growth and underlying EBITA of around $195 million, with no changes to prior guidance.
Solid Organic Growth: Group revenue rose 3.3% organically, driven by new business wins, product investments, and strong offshore market contributions.
Margin Pressures Offset: Margin headwinds from inflation and lower 4-wheel drive profits were partly mitigated by cost savings from the Amotiv Unified program, though gross profit declined slightly.
Strong Cash Conversion: Cash conversion was strong at nearly 92%, supporting capital returns of about $48 million through dividends and buybacks.
Offshore Momentum: Offshore revenue grew 14%, with significant growth in the U.S. and Europe helping offset weakness in Australian reseller demand.
Division Performance Mixed: Powertrain & Undercar and offshore LP&E performed strongly, while 4-wheel drive and domestic LP&E faced inflation and soft market headwinds.
Cost Initiatives Ongoing: Amotiv Unified drove additional cost benefits, with another $10 million in annualized gross benefits targeted as the program continues.
Dividend Increased: Interim dividend per share grew over 8%, with a 52% payout ratio.
