Austin Engineering Reports Strong Financial Growth in 2024

Austin Engineering Limited (AU:ANG) has released an update.

Austin Engineering Limited has reported a robust financial performance for the year, driven by the successful implementation of its Austin 2.0 strategy and AustBuy bulk procurement program. The company achieved a 21% revenue increase to $313.2 million, with underlying EBITDA and NPAT rising by 48.9% and 71.3% respectively. These achievements, along with a notable rise in order book and product segment growth, highlight Austin’s proactive approach to business expansion and shareholder value creation.

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