Mader Group Ltd
ASX:MAD
Mader Group Ltd
Mader Group Ltd. is a maintenance services company. The company is headquartered in Perth, Western Australia and currently employs 1,600 full-time employees. The company went IPO on 2019-10-01. Its segments include Australia, United States and Rest of World. The principal activities of the Company include the provision of specialized labor and support for the maintenance of heavy mobile equipment and fixed infrastructure in the resources sector in Australia and internationally. The services provided include maintenance labor, field support (site labor with support vehicles and tooling), shutdown teams for major overhauls, offsite repairs and component rebuilds, training of maintenance teams, and a range of other ancillary services. Its services also include rail maintenance, digger support team, drill support team, fabrication and line boring, processing and non-processing infrastructure, power generation and marine, field support, electrical services, maintenance projects, rapid response teams, professional support roles, component exchange and many others.
Mader Group Ltd. is a maintenance services company. The company is headquartered in Perth, Western Australia and currently employs 1,600 full-time employees. The company went IPO on 2019-10-01. Its segments include Australia, United States and Rest of World. The principal activities of the Company include the provision of specialized labor and support for the maintenance of heavy mobile equipment and fixed infrastructure in the resources sector in Australia and internationally. The services provided include maintenance labor, field support (site labor with support vehicles and tooling), shutdown teams for major overhauls, offsite repairs and component rebuilds, training of maintenance teams, and a range of other ancillary services. Its services also include rail maintenance, digger support team, drill support team, fabrication and line boring, processing and non-processing infrastructure, power generation and marine, field support, electrical services, maintenance projects, rapid response teams, professional support roles, component exchange and many others.
Record Revenue: Mader Group delivered its fourth consecutive quarter of record revenue, reporting AUD 94.1 million for Q2, up 32% from the prior year.
Raised Guidance: The company increased its FY22 revenue guidance to at least $370 million and NPAT to at least $24 million, reflecting continued strong growth.
Mader Energy Launch: Mader launched a new business unit, Mader Energy, to diversify into the North American oil and gas industry, already securing multiple contracts.
Sale of Investment: The sale of a 25% stake in Western Plant Hire generated about $7 million in post-tax cash, to be reinvested in growth.
Labor Market Constraints: Management highlighted significant unmet labor demand, especially in Western Australia and the East Coast, with 400+ roles unfilled due to border constraints.
