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Mader Group (ASX: MAD) today announced financial results for its fiscal 2021 fourth quarter performance.
The Group posted quarterly revenue of $86.4m, with the Group’s performance up 24 per cent on the prior corresponding period (PCP), and up 14 per cent on the previous quarter.
Mader Executive Director & Chief Executive Officer, Justin Nuich praised the Group’s performance for the quarter, closing the financial year with strong momentum in activity levels.
‘’This quarter reflects the strength of the Group’s labour-focussed business model. We are proud of our performance, which includes a second consecutive quarter of record quarterly revenue,” said Mr Nuich.
‘’I would like to thank our workforce for their effort over the past year. We commence the new financial year with favourable economic conditions supported by positive structural tailwinds and an exceptional team.”
Mader close out FY21 posting a revenue of $304m, above consensus forecasts, and up 11 per cent vs FY20.
With the Group forecasting increased customer demand in their Australian, North American and Rest of World (Africa and Asia) operations, ongoing revenue growth and stable margins are expected to continue for Mader into FY22.
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