Lockdowns shift Bapcor down a gear
Key Points
- Full-year revenue ($m) 1761.7, up 489pc
- Pre-tax profit ($m) 118.8, up 200pc
- Net profit ($m) 130.1, up 215pc
- Final dividend (¢) 11 v 9.5
- Date dividend payable: September 14
Lockdowns in Sydney and Melbourne are starting to put a handbrake on the stellar growth rates of Bapcor, owner of the Autobarn, Autopro and Burson chains, which sell car parts to retail customers and mechanics.
Chief executive Darryl Abotomey said while the retail stores in the group’s stable were still offering “click and collect” in lockdowns and vehicle servicing and repairs were still important for trade customers, the overall impact of lockdowns so far in the new financial year was that sales were 10 per cent lower than forecast.
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