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Quickstep Holdings Limited ( (AU:QHL) ) has provided an update.
Quickstep Holdings Limited reported a 21% decline in revenue from continuing operations for the second quarter of FY25 compared to the previous year, attributed to a stable volume profile in its Structures business and the closure of its Services business. Despite the revenue decline, EBITDA from continuing operations increased by 44%, reflecting successful restructuring efforts. The company maintained strong net operating cash inflow and a healthy cash balance. Quickstep is poised for future growth, having signed a significant Deed with Defence that could lead to new contracts in the Guided Weapons sector, and it also announced a Scheme Implementation Deed with ASDAM.
More about Quickstep Holdings Limited
Quickstep Holdings Limited operates in the advanced manufacturing industry, specializing in the production of composite components and solutions for various sectors, including aerospace and defense. The company focuses on leveraging its technical expertise and market reputation to secure contracts, particularly in the areas of Guided Weapons and Explosive Ordnance.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $25.03M
See more data about QHL stock on TipRanks’ Stock Analysis page.
