ASX:BAP

2 stories mentioning ASX:BAPUpdated 41d ago

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Bapcor Turnaround Initiatives Gaining Traction, Weaker Trading Conditions Limiting Near-Term Earnings Flow-through, Jefferies Says

Bapcor's (ASX:BAP) turnaround initiatives are gaining traction operationally, but weaker trading conditions are limiting near-term earnings flow-through, Jefferies said in a Monday note.Bapcor lowered its fiscal 2026 guidance for underlying earnings before interest, taxes, depreciation and amortization (EBITDA) to between AU$144 million and AU$150 million from the previous guidance of AU$150 million to AU$160 million.The downgrade to its underlying EBITDA guidance reflects a business mid-turnaround being impacted the fuel shock caused by the conflict in the Middle East in an already depressed market, with cost inflation and weaker demand driving a fiscal 2026 downgrade despite improving execution.The investment firm upgraded its recommendation to buy from hold and lowered the price target to AU$0.65 from AU$1.05.

ASX:BAP

Asia53d ago

Bapcor Cuts Fiscal 2026 Guidance on Impact of Middle East Conflict

Bapcor (ASX:BAP) lowered its fiscal 2026 guidance for underlying earnings before interest, taxes, depreciation and amortization (EBITDA) to between AU$144 million and AU$150 million on a post-AASB 16 basis, and to AU$62 million to AU$68 million on a pre-AASB 16 basis, according to a Thursday filing with the Australian bourse.The cut comes amid material deterioration in trading conditions since late March, with softer conditions expected to continue through the fiscal year as the Middle East conflict hampers business confidence and consumer sentiment, the company said.In February, Bapcor guided for fiscal 2026 underlying EBITDA of AU$150 million to AU$160 million on a post-AASB 16 basis, and AU$74 million to AU$79 million on a pre-AASB 16 basis.The guidance cut also reflects expectations for fuel, freight, and supplier costs to remain elevated in May and June, with currency depreciation negatively impacting the earnings of the company's New Zealand business segment, it said.Bapcor is looking to mitigate the fuel price increase through targeted pricing adjustments in select business units, but cautioned that current trading conditions could result in a non-cash impairment.

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