AMA Group has reported a stronger third-quarter result and provided a full-year earnings forecast as it continues to pursue performance improvements.

Third-quarter revenue rose to $249.6 million compared with $226.2 million in the previous corresponding period, while normalised earnings before interest, tax, depreciation and amortisation (EBITDA) on a pre-Australian Accounting Standards Board 16 basis increased to $21.1 million from $10.7 million.

The crash repairer expects full-year nomalised EBITDA to reach $58-$62 million.  

A third-quarter operational summary says AMA Collision is showing positive signs, with a change program driving improved financial performance.

The Capital Smart and Wales heavy vehicle businesses are expected to beat last year’s results, while the company is targeting improvement at its prestige repair operations.

AMA Group is still reviewing options for the ACM Parts business, with a previously flagged intention to sell it preferred.

“A continued focus on immediate-term break even or higher performance will continue to allow time for the right future direction to be decided,” it says.

The company last month named Ray Smith-Roberts as MD after announcing that former CEO Mathew Cooper had left the business. The board has also undergone a shake-up in the past year.