Emeco

Better Equipped | Equipment Solutions for Mining

Fourth Quarter Operational Update

HIGHLIGHTS:

  • Group utilisation averaged 77% in Q4 FY16, while operating utilisation averaged 40%
  • Revenue for Q4 FY16 was $44.4 million (unaudited), underlying operating EBITDA margin improved to 28.6%, up from 24.2% in Q3 FY16
  • FY16 unaudited operating EBITDA of $54.2 million, up $11.0 million (25%) on FY15 and within the public guidance range of $53 - $57 million
  • Year-end cash balance $24.8 million, net debt down $49.0 million over FY16
  • Fire in oilsands region in Canada significantly impacted operations with two month industry closure

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