ab 14 August 2024 Global Research and Evidence Lab Amotiv Limited Investing in growth and resilience In-line result better than mkt expected; outlook mixed but already priced in The highlight of the FY24 result for us was the significant balance sheet improvement seen over the past ~18mths from gearing of ~2.6x in 1H23 to now ~1.6x, following another period of solid cash conversion. There has, however, been a modest push to the right in earnings, and we forecast materially better EBITA growth of 11% in FY26 ...