Quickstep Holdings, an Australian manufacturer of advanced carbon fiber composites, has announced total sales for the six months to 31 December 2016 of AUS$24.6 million, compared to AUS$24.3 million in the same period last year.
Total revenues were AUS$24.9 million, driven by aerospace manufacturing (AUS$24.0 million) with contributions from New Technology and grant revenues.
The company says that its business is well-positioned with net assets of AUS$11.7 million and cash on hand of AU$5.0 million. At 31 December 2016, Quickstep’s order book was valued in excess of AUS$115 million.
‘While revenue increased slightly, a significant transformation of our business has occurred,’ said Quickstep managing director, David Marino. ‘We have a strong business foundation, having secured very long-term flagship aerospace manufacturing contracts and niche automotive contracts with global and Tier 1 organisations. We are looking to build on the business contracted to date in both segments – in Aerospace Manufacturing to fill the spare capacity at our Bankstown site, and in New Technology utilising our value proposition in automotive panels, seating and other complex composite solutions.’
This story uses material from Quickstep, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.
