Emeco

Better Equipped | Equipment Solutions for Mining

Third Quarter Operational Update

HIGHLIGHTS:

  • Group utilisation averaged 79% in Q3 FY16, while operating utilisation averaged 40%, which was below the Q3 FY15 average of 49%
  • Revenue for Q3 FY16 was $54.1 million (unaudited), EBITDA margin improved to 24.2%, up from 19.9% in Q2 FY16
  • $12.7 million operating cash flow generated in Q3 FY16
  • Project Fit phase 2 implemented, increasing total cost reductions to $26.7 million by end of FY16
  • EOS installed at second project site, located in Western Australia

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