AMA Group Wins SME Company Turnaround of the Year 2014 by Turnaround Management Association Australia
AMA Group is honoured to be awarded the SME company turnaround of the year award for 2014. The People behind AMA Group are thrilled to receive the award particularly as it substantiated the hard work and commitment into restructuring AMA group over recent years. Below is an outline of the information that was considered by the award panel.BACKGROUND
FY2009 $60 million loss
$50+ million debt
8 lawsuits
Share price below 2 cents
$3 million market capitilisation
Poorly integrated debt funded acquisitions
SOLUTION
Replaced management and Board of Directors
Resolved all litigation
Restructured debt
13 business units restructured into 6 core businesses
Implemented cost savings
Encouraged employee share ownership
OUTCOME
EBITDA for YE 2014 $9.3 million
$110 million market capitalisation
Share price of 33 cents
Dividends of 5.8 cents paid or declared
Two business acquisitions
2009 -2014, revenue increase from $45 to $64 million
