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Australia's Amotiv slumps to 12 year-low after cutting FY27 outlook

By Reuters News

** Shares of Amotiv Ltd AOV.AX fall as much as 6.9% to A$5.25, hitting their lowest level since early June, 2014

** Stock logs its biggest one-day pct loss since August 11

** Automotive products firm says Q1 trading was challenging, with like-for-like revenue down 5% from a year earlier

** Cuts FY27 outlook, now expects revenue and underlying EBITA excluding VAFI division consolidation to be up to 5% lower than FY26 continuing operations

** Says conditions have worsened since August, citing persistent Middle East conflict, higher fuel prices and rising interest rates, amongst others

** YTD, stock down 41%, including the session's moves

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