Coventry Group delivers $5.4M quarterly EBITDA

Full story: https://grafa.com/en/news/australia/coventry-group-delivers-5-4m-quarterly-ebitda

Coventry Group's unaudited earnings before interest, taxes, depreciation, and amortisation (EBITDA) rose 87% year-on-year to $5.4 million.
Group sales increased 1.3% compared to the prior corresponding period to reach $100.1 million.
Management attributed the earnings surge to lower operating costs and a 50 basis point margin expansion.

Coventry Group (ASX:CYG) reported unaudited Q1 FY27 sales of $100.1 million and a pre-AASB16 EBITDA of $5.4 million.

Operating expenses fell by $1.5 million, 3.9% lower than the prior corresponding period despite continued inflationary pressure on wages, rents and other costs.

Within business divisions, trade distribution sales grew 6.9% to $62.5 million, while fluid system sales fell to $37.6 million due to project timing.

The latest result marks the business's third consecutive quarter of EBITDA expansion following a near-breakeven performance in Q2 FY26.

Following the announcement, the Coventry Group share price was unchanged at $0.42.

The company stated that the cost savings programme and ongoing margin expansion will help offset broader inflationary pressures in rents and wages.

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Group sales increased 1.3% compared to the prior corresponding period to reach $100.1 million. Management attributed the earnings surge to lower operating costs and a 50 basis point margin expansion. Coventry Group (ASX:CYG) reported unaudited Q1 FY27 sales of $100.1 million and a pre-AASB16 EBITDA of $5.4 million. Operating expenses fell by $1.5 million, 3.9% lower than the prior corresponding period despite continued inflationary pressure on wages, rents and other costs. Within business divisions, trade distribution sales grew 6.9% to $62.5 million, while fluid system sales fell to $37.6 million due to project timing. The latest result marks the business's third consecutive quarter of EBITDA expansion following a near-breakeven performance in Q2 FY26. Following the announcement, the Coventry Group share price was unchanged at $0.42. 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