Quickstep Holdings Limited, an Australian manufacturer of carbon fiber composite components, has announced total sales of AUS$59.0 million for 2018, up 13.7% from AUS$51.9 million in FY17.
Earnings before interest, tax and research and development costs were AUS$2.4 million for the financial year ended 30 June 2018, compared to an operating loss before R&D of AUS$0.2 million for the previous corresponding year.
The group said that it anticipates its business to continue to improve in 2019 with expected revenue growth of at least 20% in 2019. It plans to win additional business in defense and aerospace.
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.