Eagers Automotive Ltd (ASX:APE)

Full Year 2024 Eagers Automotive Ltd Earnings Call Transcript

Feb 26, 2025 / 11:30 PM GMT

Release Date Price: A$12.18 (-0.56%)

Transcript

Key Points

Positve

Eagers Automotive Ltd (ASX:APE) achieved a record turnover of more than $11.2 billion, up $1.3 billion from 2023.
The company delivered an underlying operating profit of $371.2 million for 2024, with a net profit margin of 3.3%.
Eagers Automotive Ltd has increased its market share to 11.5% in a resilient new car market.
The company has a strong liquidity position with $773.9 million and a significant increase in property assets valued at over $885 million.
Eagers Automotive Ltd announced a final dividend of $0.5 per share, maintaining a strong dividend payout focus.

Negative

The 2024 financial results were below the record performance of 2023.
Gross profit margins reduced compared to 2023, reflecting a challenging new car margin environment.
The underlying EBITDA margin before impairment decreased to 4.9% from 5.5% in 2023.
The company faced a $21.2 million impairment of its New Zealand operations due to economic challenges.
Total inventory increased significantly, driven by business acquisitions and expansion of the parts business.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

APE.AX - Eagers Automotive Ltd
Full Year 2024 Eagers Automotive Ltd Earnings Call
Feb 26, 2025 / 11:30PM GMT

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Presentation
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Yes.

Okay.

Thank you for standing by and welcome to the Eagers Automotive FY. 24 Results Briefing.

All participants are in a listen only mode.

There will be a presentation followed by a question and answer session.

If you wish to ask a question, you'll need to press the star key followed by the number one on your telephone keypad.

Matt.

I would now like to hand the conference over to Mr. Keith Oden fee.

Please go ahead.

Thank you for joining us today to discuss the Eagers Automotive results for the 2020 for financial year ending 31 December.

So IV Moura, CFO joins me this morning.

And together, we have the privilege of

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