Crash repairer AMA Group delivered a “solid result” in the December half and says it is on track for $70-$75 million in normalised earnings before interest, tax, depreciation and amortisation this financial year.

Revenue grew 6% to $524.1 million in the half, normalised EBITDA improved 21.9% to $30.5 million, and the operating loss narrowed to $577,000 from $3.91 million a year earlier.

The vehicle collision repair segment had revenue of $503.48 million, up from $472.4 million. AMA Collision, Capital Smart, specialist businesses, Wales and corporate/eliminations make up the segment.

AMA Collision’s revenue grew to $194.1 million from $175.71 million, and Capital Smart improved to $245.87 million from $238.07 million.

The crash repairer’s half-year report says AMA Collision is “continuing on the path of improvement, with a focus on network optimisation and capturing further operational and cost efficiencies.

“Capital Smart performed comparably to the prior half, as higher severity and complexity of work mix offset a reduction in claims volumes. However, margins were lower due to a higher average repair cost.”

ACM Parts – which is categorised as other operations – continued to improve amid delivery of key initiatives in the reclaimed and consumables space, according to the half-year report.

The report notes comparative information has been re‑presented to reflect the reclassification of ACM Parts from discontinued to continuing operations.