Turners Automotive Group (ASX:TRA) Annual Meeting 2024 Overview

Turners Automotive Group (ASX:TRA) held its 2024 annual meeting of shareholders, where Chairman Grant Baker and CEO Todd Hunter presented the company's record FY24 results and discussed the business direction, growth, and future plans. The meeting also included introductions of the board of directors and senior management, as well as discussions on the meeting agenda and resolutions.

Chairman's Address - Delivering on Our Plan

FY24 has been another record result for Turners Automotive Group, demonstrating the company's commitment to delivering on its plan for business growth and creating value for customers, employees, and shareholders. The company has achieved significant after-tax profits and dividend growth, reflecting a strong performance and a focus on future growth.

Outlook and Future Growth Strategy

Turners Automotive Group has reported a record FY24 result, showcasing resilience in the face of economic headwinds. The company's ambitions include a profit target of $65m NPBT by FY28, driven by new branches, increased sales, and growth in auto retail, finance, insurance, and credit management. Additionally, the company is positioning itself for future growth through investments in adjacent markets such as vehicle servicing, repairs, and online insurance platforms. Turners' focus on organic growth, brand, technology, and people, combined with its special culture, underpins its confidence in delivering on its plan and creating value for shareholders.