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AHE is an automotive retail and logistics group, operating vehicle dealerships in Australia and NZ. AHE's operating divisions are Automotive Retail and Logistics. Automotive Retail operates 106 dealerships through which AHE is involved in the sale of new and used cars, finance and insurance and service and parts. Logistics comprises automotive parts warehousing and distribution, refrigerated transport, cold storage and distribution, vehicle storage and engineering and motorcycle distribution.
Company History
AHE can origins date back to 1952 when City Motors was established as a Holden Dealership in Perth. City Motors listed on the Perth Stock Exchange in 1955. The company opened dealerships in the Perth Metropolitan area in the 1960's. In 1979 AHE diversified from automotive retailing into logistics through the acquisition of the AMCAP business. In 1980 the company was privatised through a MBO and undertook a number of acquisitions in the 1980's and 90's. AHE listed on the ASX in November 2005.
Differentiating Factor
AHE is the largest vehicle dealer group in Australia. AHE's franchises cover 10 out of the top 11 passenger vehicle brands in Australia by new vehicle sales volume, which provides a hedge against changes in consumer preferences. AHE has diversified its exposure to the new and used car market by acquiring logistics businesses.
Major Customers & Competitors
APE customers include both private and business/fleet car buyers in the used and new car markets and also individual and business/fleet car owners seeking servicing. APE competes with other motor vehicle dealerships.
Financial Summary
Year to n/a
NPAT Rep $M
NPAT1 Adj $M
EPS c
EPS chg %
PER x
PER rel All Ords x
PER rel Sector x
DPS c
Yield %
Franking %
ROE %
2004
n/a
0.0
n/a
n/a
0.0
2006
n/a
0.0
n/a
n/a
0.0
2007
38.4
0.0
n/a
n/a
0.0
2008
39.2
0.0
n/a
n/a
0.0
2009
-55.0
0.0
0.0
0.0
0.0
1NPAT is normalised by removing non-recurring items and goodwill. All the above statistics are derived from normalised earnings.
Sydney Morning Herald 31/07/2010 | GRAINCORP and AWB have agreed on a multibillion-dollar merger so they can compete against larger rivals in the consolidating global agribusiness sector.
The Age 31/07/2010 | GRAINCORP and AWB have agreed to a multibillion-dollar merger in a bid to compete against larger rivals in an increasingly consolidating global agribusiness sector.
Sydney Morning Herald 31/07/2010 | I t's official: money doesn't buy you happiness. But financial security certainly seems to play a role in whether you're a glass half full or glass half empty type of person.
The Age 31/07/2010 | This reporting season will provide something for everyone, from wary retail investors and professional fund managers to stockbroking analysts, writes Ian McIlwraith.
Sydney Morning Herald 31/07/2010 | Most of us want to make a buck and retire early. But for the golden oldies of business, there's no question of quitting, writes Michael Evans.
$ 2.270
