Repco warns of weaker results this year

Australasian automotive parts retailer Repco says earnings this year are likely to be at the lower end of its forecast range due to tougher-than-expected trading conditions.

The company has forecast earnings before interest, tax, depreciation and amortisation of between A$82 million and A$85 million for the year ended June 30, up from A$71.2 million last year.

Repco said the trading conditions were much tougher than predicted in New Zealand.

Repco's shares fell 8.1 per cent to A$2.62 in early trade.