Amotiv (ASX:AOV) now expects modest revenue growth and a marginal decline in underlying earnings before interest, taxes, and amortization in the fiscal 2025 compared with the prior corresponding period, mainly driven by lighting, power, and electrical, according to an Australian bourse filing on Friday.
The company does not expect the tariffs announced by the US government to have a material impact on the firm, the filing said. Its current revenue exposure to the US is around 8% of the total revenue.
The company is reviewing a range of tactical and strategic actions, including resourcing of finished goods, repricing, and the use of alternative manufacturing and supply locations, to manage the risks and realize the opportunities due to the tariff announcements.
The Australian lighting, power, and electrical reseller demand remains muted, while no rebound is evident to date, per the filing. US reseller demand remains strong.
Corporate costs are expected to be lower than the prior year, and the cash conversion is expected to be around 85%, according to the filing.
Amotiv's shares fell nearly 16% in recent trading on Friday, earlier hitting their lowest since October 2022.