RPM Automotive Group reaffirms FY23 guidance amid Q3 growth

(NewsDirect)

RPM Automotive Group Ltd (ASX:RPM) CEO and managing director Clive Finkelstein talks reaffirmed financial guidance and improved margins with Proactive’s Elisha Newell. The Australian automotive hub still expects to report between $118 and $120 million in FY23 revenue, while earnings should clock in between $10.5 and $12 million. Finkelstein attributes the strong result to nine months of growth, bringing the company’s unaudited sales up 55% to $88.1 million year-on-year.