A.P. Eagers Limited is a pure automotive retail group with our main operations in south-east Queensland, Adelaide, Darwin, Melbourne, Sydney and the Newcastle/Hunter Valley region of New South Wales.
We represent a diversified portfolio of automotive brands, including all 12 of the top 12 selling car brands in Australia and 8 of the top 9 selling luxury car brands. In total, we represent 27 car brands and 11 truck and bus brands.
Our core business consists of the ownership and operation of motor vehicle dealerships. We provide full facilities including the sale of new and used vehicles, service, parts and the facilitation of allied consumer finance. To complement our vehicle dealerships, we also operate a substantial motor vehicle auction business, Brisbane Motor Auctions.
Our operations are generally provided through strategically clustered dealerships, 65% of which are situated on properties owned by us, with the balance leased.
We own $278 million of prime real estate positioned in high profile, main road locations in Brisbane, Sydney, Melbourne, Adelaide, Newcastle and Darwin.
With 3,500 employees and 4,700 shareholders, our sales revenue is running at $3.0 billion per annum.
Dividends and EPS Growth
We have paid a record dividend to shareholders in 11 of the past 12 years and have paid a dividend every year since listing in 1957. A.P. Eagers also has a track record of delivering Earnings Per Share (EPS) growth from acquisitions. Further information about our acquisition growth can be viewed on our Timeline.
Our origins trace back to 1913 when Edward Eager and his son, Frederic, founded their family automotive business, E.G. Eager & Son Ltd, which continues today as a wholly-owned subsidiary of A.P. Eagers Limited.
After establishing the first motor vehicle assembly plant in Queensland in 1922, the business secured the distributorship of General Motors’ products in Queensland and northern New South Wales in 1930 and listed as a public company in 1957 under the name Eagers Holdings Limited.
A merger in 1992 with the listed A.P. Group Limited saw the addition of a number of new franchises and our name change to A.P. Eagers Limited. Further new franchises and geographic diversification have since followed.
Since 2000, our sales revenue has increased to $3.0 billion, profit after tax has increased from $4.3 million to $76.7 million and the number of employees has increased from 600 to 3,500.
Our operations expanded into the Northern Territory with the acquisition of Bridge Toyota in 2005.
In 2007, we established ourselves on the Gold Coast with the acquisition of Surfers City Holden.
The addition of Kloster Motor Group in the Newcastle/Hunter Valley region in 2007 heralded our advance into New South Wales. Our operations in that state have grown with the acquisition of Bill Buckle Auto Group in Sydney’s northern beaches region including Brookvale in 2008.
In 2010, we acquired the publicly listed Adtrans Group Limited, representing our direct entry into the South Australian and Victorian markets. Adtrans is South Australia’s premier car retailer and operates truck and bus dealerships in New South Wales, Victoria and South Australia. We also acquired Caloundra City Autos Group in Queensland’s growing Sunshine Coast region in 2010.
Further expansion of our truck and bus operations occurred in late 2010 with the addition of six new franchises in New South Wales, Victoria and South Australia.
In 2011 Daimler Trucks Adelaide and Eblen Motors were acquired and in 2013 Main North Nissan and Renault and Unley Nissan and Renault, Adelaide, were acquired, to complement our existing operations in South Australia.