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MADER GROUP LIMITED — Earnings Release 2019
Oct 29, 2019
65288_rns_2019-10-29_8c1fe34f-292f-46c2-b9da-84ccfc03b9f9.pdf
Earnings Release
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30 OCTOBER 2019
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ASX ANNOUNCEMENT
FY2019 RESULTS – STRONG ORGANIC GROWTH
KEY HIGHLIGHTS
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Mader Group Limited’s annual revenue grew 46% to $228.6m in FY2019.
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Net profit after tax increased from $11.4m in FY2018 to $14.9m in FY2019 (which is inline with the IPO Prospectus forecast).
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The growth in revenue and profit was assisted by expansion into new markets and the addition of new ancillary services.
Perth, Australia - 30 October 2019: Mining contractor Mader Group Limited (ASX: MAD) ( Mader ) provides its first Annual Report since the Company’s ASX debut in October 2019, showing FY2019 revenue growth of 46% to $228.6 million.
The Company’s consolidated net profit after tax (NPAT) improved to $14.9 million from $11.4 million in FY2018.
“During the year, Mader focused on growing its business model in new regions. We have expanded into new markets and are now servicing about 200 customers in 15 regions across eight countries,” said Mader Chief Executive Patrick Conway.
“We’ve established a leading position in the heavy mobile equipment maintenance services sector across multiple markets for these services,” said Mr Conway.
Mader’s business model is to provide skilled tradespeople on flexible terms to support and improve the mobile equipment maintenance programs of mining companies.
The growth in revenue and profit of Mader is driven by:
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Increased demand in regions where the Mader already operates (both existing and new customers). Mader believes there remains significant revenue growth potential in all regions in which Mader currently operates;
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Expansion to new addressable markets where usage of heavy mobile equipment is significant; and
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Addition of new ancillary services which are complementary and value-add services to the core capabilities of Mader.
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HEAD OFFICE T: (08) 9353 3393 A1/ 2 George Wiencke Dr F: (08) 9353 1966 Perth Airport WA 6105 madergroup.com.au
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MADER GROUP LIMITED ABN: 51 159 340 397 ACN: 159 340 397 ASX: MAD
30 OCTOBER 2019
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About Mader Group Limited
Mader Group Limited (ASX:MAD) is Australia’s largest independent maintenance labour service provider for heavy mobile equipment. Now operating in over 15 regions across 8 countries, the Company has a demonstrated history of sustained revenue and earnings growth since inception in 2005. Mader’s well established and leading position in the market allows it to service a broad global network of over 200 customers. Mader was named 2019 Mining Contractor of the Year by Mining Monthly.
Chief Executive Officer
Patrick Conway [email protected]
Media Contact
Heidi Cuthbert [email protected] +61 411 272 366
Investor Relations
HEAD OFFICE T: (08) 9353 3393 A1/ 2 George Wiencke Dr F: (08) 9353 1966 Perth Airport WA 6105 madergroup.com.au
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MADER GROUP LIMITED ABN: 51 159 340 397 ACN: 159 340 397 ASX: MAD