Duratec Limited Forecasts Stronger FY24 Margins

Duratec Limited (AU:DUR) has released an update.

Duratec Limited has updated its financial guidance for FY24, narrowing the EBITDA forecast to $46-48 million with increased margins and a revenue range of $550-565 million due to project award delays. The firm maintains a strong order book and has seen a significant 40% rise in tender activity, resulting in a robust pipeline of $1.47 billion for future work. Despite slower revenue growth in the second half of FY24, profitability and cash generation have improved, positioning Duratec for continued profitable growth.

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