EBITDA down -14%, NPAT down -25%
Industry new motorcycle sales down 13.7% vs Dec 16
H1 2018 Revenue of Existing stores down 107 vs. 121 Dec 17
Dealer network expanded
• Evolution Motorcycles Epping, and Action Motorcycles Nerang acquired March 2017
• Sunshine Coast Harley-Davidson Kunda Park acquired May 2017
• TeamMoto Frankston acquired December 2017.
• Confirms MotorCycle Holdings position as Australia’s #1 motorcycle dealership sales group with 28 dealerships on the eastern seaboard and seven accessory stores
• Two more dealerships being brought into the network: TeamMoto Yamaha Sunshine Coast Jan 2018, Central Coast Harley-Davidson March 2018.
• Selected MCA stores in NSW granted retail licenses. Will start selling used motorcycles this year.