The Brisbane company, which is embroiled in a court battle with a former chief executive, said vehicle volumes into its workshops were nearing pre-COVID levels and were expected to continue to improve and “act as a tailwind into the new financial year”.
“Pleasingly, the resumption of more traditional pre-COVID driving customs, the popularity if domestic drive holidays, as well as the reluctance of many people to use public transport in addition to the sustained periods of wet weather during March and April, means that vehicle volumes into our workshops in recent months has continued to improve,” AMA said in a trading update.
“The performance of the business is tracking in line with returning volume and current trading expectations.”
Chief executive Carl Bizon said the increase in volume, along with management changes, put the company in a strong position to capitalise on opportunities for growth.
He said the group had access to the finance needed to undertake acquisitions.
AMA has taken Federal Court action against former chief executive Andrew Hopkins to recover $2.4 million.
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