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Why Is Austin Engineering Shifting Chile Production Amid Rising Revenues?
9:09am on Wednesday 11th of June, 2025 AEST
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Industrial Engineering
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Why Is Austin Engineering Shifting Chile Production Amid Rising Revenues?
9:09am on Wednesday 11th of June, 2025 AEST
Key Points
FY25 revenue guidance increased to approximately $370 million, up 18% from FY24
Underlying EBIT forecast revised down to around $41 million, up 8% from FY24
Strong revenue growth in USA and Chile supported by expanded manufacturing capacity
Chile contract pressures lead to partial production shift to Batam to improve margins
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AUSTIN ENGINEERING (ASX:ANG)
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