BUZZ-Australia's Stealth Group rises on securing exclusive selling rights for power tool brands

Reuters

Feb 27, 2025

** Stealth Group SGI.AX soars 23% to record high of A$0.775

** Industrial distribution group secures exclusive distribution rights in Australia and New Zealand for popular power and hand tool brands - CAT Power Tools, Wesco Power Tools and Harden Hand Tools

** Says deal further strengthens co's position in power and hand tool market

** Expects to exceed its previous outlook of A$30 mln (~$19 mln) in exclusive, private-label and own-brand sales of co's total rev target of A$300 mln if contract agreement targets met by FY28 in sell-through

** About 500,000 shares traded, ~2x the 30-day average

** SGI up 46.5% so far this year, as of last close

($1 = 1.5873 Australian dollars)

(Reporting by Sherin Sunny in Bengaluru)

((Sherin.Sunny@thomsonreuters.com;))

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CAT Power Tools, Wesco Power Tools and Harden Hand Tools** Says deal further strengthens co's position in power and hand tool market** Expects to exceed its previous outlook of A$30 mln  in exclusive, private-label and own-brand sales of co's total rev target of A$300 mln if contract agreement targets met by FY28 in sell-through** About 500,000 shares traded, ~2x the 30-day average** SGI up 46.5% so far this year, as of last close  ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SGI.AU":"STEALTH GROUP HOLDINGS LTD","BK7031":"贸易公司与经销商"},"translate_title":"BUZZ-澳大利亚Stealth Group因获得电动工具品牌独家销售权而崛起","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SGI.AU":0.9},"content_text":"BUZZ-Australia's Stealth Group rises on securing exclusive selling rights for power tool brands** Stealth Group SGI.AX soars 23% to record high of A$0.775** Industrial distribution group secures exclusive distribution rights in Australia and New Zealand for popular power and hand tool brands - 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