GUD Trading Update – FY24 Guidance

GUD is pleased to confirm that Group FY24 underlying EBITA1 is in line with expectations and is forecast to be at least $193.5m. 

Automotive (excluding APG) continues to trade well across all its key business units, reflecting ongoing execution of the diversification strategy and resilience of the aftermarket. End user workshop demand remains positive. 

APG is expected to deliver approximately $63m in underlying EBITA (pre corporate overheads), which is approximately $3m below GUD’s expectation at the time of the FY24 H1 result.

Refer the full ASX announcement here