ASX.MTO - Leading Australian motorcycle retailing group

28 Feb 2018

 

 

 

WEAKNESS/ THREATS

 

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

 

 

 

 

STRENGTHS/ OPPORTUNITIES

 

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.

 

 

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