Chapel Corner Tyres performance exceeded expectations, says RPM Group
Australian automotive aftermarket firm RPM Automotive Group says its Chapel Corner Tyres $2.55 million earnout payment to vendors will be paid half in cash and half in equity.
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RPM Automotive Group
Nicholls steps down from RPM Automotive Group
RPM Automotive Group has confirmed that Guy Nicholls has stepped down from his role as executive director and chief executive.
Despite economic headwinds, RPM reports positive FY24 results
Automotive Aftermarket giant RPM Automotive Group Limited has released its unaudited results for the twelve months ended June 30, 2024 (FY24). RPM generated $121 million in FY24, an increase of 3.7% on the prior corresponding period (PCP).
RPM undertakes $4m capital raising
RPM Automotive Group Limited has received $4 million in commitments from investors via a two-tranche share placement at an issue price of $0.072.
RPM introducing new SaaS product for commercial fleets
RPM Automotive Group Limited will introduce a new SaaS (Software as a Service) product through a partnership with fleet management technology provider WHG Telematics. WHG supplies telematics, IoT, and technology solutions, including vehicle and asset tracking, fleet management, fatigue, and driver safety technology.
RPM signs Yokohama sub-wholesale deal
RPM Automotive Group Limited has agreed with Yokohama Tyre Australia Pty Ltd to distribute Yokohama products sub-wholesale through RPM’s nationwide tyre distribution infrastructure.
RPM appoints Nicholls as new chief executive
RPM Automotive Group Limited has appointed executive director and chief operating officer Guy Nicholls as its new chief executive.
RPM reports record first-half NPAT
RPM Automotive Group Limited has released its results for the six months to December 31, 2023 (H1 FY24), announcing a 74% increase in net profit after tax to $2.2 million (H1 FY23: $1.2 million).
Challenging trading doesn’t deter RPM
RPM Automotive Group has reported increased revenue and earnings for H1 FY24 in spite of challenging trading conditions.
RPM appoints Jaffe chair in board refresh
RPM Automotive Group has appointed current director Lawrence Jaffe as its new chair replacing Grant Carman who will remain on the board as a director.
