Austin Engineering Limited ( (AU:ANG) ) has issued an update.
Austin Engineering Limited reported significant growth in the first half of the 2025 financial year, with group revenue increasing by 18.5% to $170.2 million. The company’s performance was bolstered by a 52% revenue surge in the USA and a 117% increase in APAC’s underlying EBITDA. The order book rose by 22% to $224 million, driven by strong demand in the Americas. Despite an operating cash outflow due to higher steel stocks, net debt is expected to improve in the second half. Austin is implementing growth and efficiency strategies, including new business systems and a focus on shielding its North American operations from tariff impacts.
More about Austin Engineering Limited
Austin Engineering Limited is a company operating in the engineering industry, focusing on the design and manufacture of customized mining equipment. The company primarily serves the mining sector with a strong emphasis on markets in the Asia-Pacific (APAC), USA, and Chile.
YTD Price Performance: -10.31%
Average Trading Volume: 5,682
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $171M
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