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Austin Engineering Limited (ASX:ANG)

ALERT: Price-sensitive ASX Announcement for ANG
Current share price for ANG : $0.145 -0.025 (-14.71%)+
Announcement
Release
16 Jun 2026 1:30PM
Price at Release
$0.170
Full Release
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Summary
Austin Engineering Limited has revised its FY26 revenue guidance to approximately $325 million from a previous estimate of over $350 million. EBIT guidance has also been adjusted to between $10 million and $11 million, down from an earlier range of $14 million to $16 million, due to operational challenges in North and South America and delayed product deliveries. Improvements in North America have increased productivity from 62% to 75%, but further enhancements are needed. South America's performance remains below expectations, prompting Austin to deploy additional expertise in Chile. In the Asia Pacific region, including Australia and Indonesia, operations are meeting expectations. Despite the lower FY26 outlook, Austin is optimistic about achieving better results in FY27 through ongoing operational improvements.
Key Points
  • FY26 revenue guidance revised to circa $325 million from over $350 million.
  • FY26 EBIT guidance adjusted to $10-$11 million from $14-$16 million.
  • Operational challenges in North and South America affected guidance.
  • Product deliveries delayed to FY27 impacted current year's results.
  • North America productivity improved from 62% to 75%, further improvements needed.
  • South America's performance below expectations, with additional expertise mobilized.
  • Asia Pacific operations, including Australia and Indonesia, are on track.
  • Austin anticipates improved performance in FY27 through ongoing improvements.
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.