Mader logs strong Q3

Australian mining equipment maintenance company Mader Group has reported another quarter of strong growth, its A$155.6 million of third-quarter revenue up 59% on the previous year.

ASX-listed Mader grew in North America ($34.4m revenue up 149% year-on-year) and Australia ($119.6m; up 45% yoy) in the March quarter.

“Mader heads into the final quarter of FY23 with confidence in its ability to deliver on its upgraded financial guidance and reaffirms its FY23 guidance of revenue of at least $580m, delivering a net profit after tax of at least $37m,” the company said.


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