Mader Group Limited Q3 Revenue up 31% and Guidance Revised

  • May 31, 2020 AEST
  • Team Kalkine

Mader Group Limited (ASX:MAD) notified the market about revised guidance for FY 2020 and performance of Q3 FY 2020. Key highlights are as follows:

  • Revenue for third quarter stood at $72 million (an increase of 31 per cent on pcp basis).
  • Secured a new scope of work at BHP Eastern Ridge for around $6.5 million, which will start in late May 2020.
  • Key contracts with Fortescue Metals Group, BHP Olympic Dam, BHP Iron Ore, and Nickel West were renewed.
  • Revenue for Q4 FY 2020 and full year is anticipated to be $65 - $70 million and $270 - $275 million, respectively.
  • Adjusted NPAT for FY 2020 is expected to be $17.5 - $18 million.






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