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Austin Engineering Limited (ASX:ANG)

ALERT: Price-sensitive ASX Announcement for ANG
Current share price for ANG : $0.150 -0.13 (-46.43%)+
Announcement
Release
5 Nov 2025 8:30AM
Price at Release
$0.280
Full Release
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Summary
Austin Engineering Limited has revised its FY26 revenue and EBIT guidance due to various operational challenges and market conditions. The revenue guidance for FY26 has been adjusted to a range of $370 million to $380 million from $390 million to $410 million, and EBIT guidance from continuing operations is now expected to be between $30 million to $34 million, down from $40 million to $46 million. The company has faced impacts from deferred orders in Indonesia due to a local customer's operational disruption and reduced demand from the Australian coal sector. In Chile, Austin is addressing excess steel wastage and has initiated several management and process improvements. North American operations have expanded, but profitability is affected by labor inefficiencies and outsourcing. Austin is implementing strategic measures to improve efficiency and control costs across its global operations.
Key Points
  • FY26 revenue guidance revised to $370m-$380m from $390m-$410m.
  • FY26 EBIT guidance revised to $30m-$34m from $40m-$46m.
  • Operational disruptions in Indonesia and Chile affect profitability.
  • Strategic and management changes implemented to improve efficiency.
  • North American business unit experiencing rapid growth but faces labor inefficiencies.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.