Austin Engineering says it has now received all the purchase orders expected following a successful tender process last year, plus a further 25% in additional orders, under a single contract for truck trays to be delivered to Western Australia.
The value of the orders received to date is approximately A$25 million ($16.7 million).
The first three trays under this order were delivered ex-works 10 days ago for onward shipment to the customer site. The remaining trays are in, or scheduled for, production at Austin’s facilities in Batam, Indonesia and Perth, Western Australia.
Austin announced in May 2023 it had received 85% of the outstanding purchase orders related to this contract and was awaiting receipt of the final orders, which has now occurred.
Overall order book growth has been maintained. Austin’s group order book to the end of May 2023 is up 21% year-on-year to A$146 million and more than double from the same time two years ago, it says.
Austin CEO and Managing Director, David Singleton, said: “We are very pleased to have received more purchase orders than expected under the financial year 2023 tender contract and can confirm that most of the revenue will be booked in financial year 2024. Further, we have continued to build our financial year 2024 order book, driving an improved revenue outlook.
“Our recently expanded Batam manufacturing centre continues to provide the extra capacity and flexibility we need in our business. With deliveries now scheduled across the world including US, Australia, Europe and India, we are expecting a strong performance for our Batam operations in financial year 2024.”
