- Civmec (SGX:P9D)'s 3QFY23 (Jan to Mar 2023) NPAT grew 20% y-o-y to AUD14.6m, broadly in line with our and street expectations. This brought 9MFY23 earnings to AUD43m (+23% y-o-y) at 78%/76% of MIBG’s/consensus’ full-year forecasts.
- - Read this at SGinvestors.io -
Margins improving along with better utilisation
- Civmec's 3QFY23 revenue eased 2.7% y-o-y to AUD188m given the lumpy timing of project recognition. That said, EBITDA margin rose 2.7ppt to 14.6% as the group further optimised workforce utilisation.
- - Read this at SGinvestors.io -
Orderbook of AUD1.2b provides clear visibility
- Read more at SGinvestors.io.
Above is the excerpt from report by Maybank Research.
Clients of Maybank Securities may be the first to access the full report in PDF @ https://www.maybanktrade.com.sg/.
Eric Ong Maybank Research | https://www.maybank-ke.com.sg/ 2023-05-11
Read also Maybank's most recent report:
2024-10-30 Civmec - Stable Performance; 1QFY25 Results In Line.
Previous report by Maybank:
2024-08-30 Civmec - Strong Execution; 2HFY24 Results In Line.
Price targets by other brokers at Civmec Target Prices.
Listing of research reports at Civmec Analyst Reports.
Relevant links:
Civmec Share Price History,
Civmec Announcements,
Civmec Dividends & Corporate Actions,
Civmec News Articles
