Australian carbon fiber composites manufacturer Quickstep has announced its update for the second quarter of FY18.
The company reported strong sales growth with total Q2 sales revenue of AUS$15.4 million, an increase of 37% on same period last year and 24% on the prior quarter. First half sales were AUS$27.9 million, an increase of 13% over last year.
‘Quickstep remains on track to deliver OneQuickstep initiatives to assist margins and cash flow, and we expect positive EBIT in the second half of FY18 and full year FY19,’ the company said in a press release. ‘Over the next three years the company will benefit from the doubling of [F-35 Lightning II Joint Strike Fighter] production, and as economies of scale improve also higher margins; and our increased business development function and project pipeline has us well positioned for future profitable growth.’
This story is reprinted from material from Quickstep, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.
