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Southern Cross Electrical Engineering (SXE) – Transformed

    Home Latest Research Southern Cross Electrical Engineering (SXE) – Transformed
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    Southern Cross Electrical Engineering (SXE) – Transformed

    By admin | Latest Research | 0 comment | 30 August, 2018 | 0

     

    SXE has transformed itself in recent years, substantially reducing exposure to resources, increasing its scale and diversity, and improving its earnings visibility. This was reflected in a strong FY18 outturn, which delivered $348m revenue and $19.0m normalised EBITDA. With $300m locked away for FY19 and a healthy tender book and pipeline, SXE’s target of >$400 revenue in FY19 is achievable. Medium-term growth potential and a less risky business model is a positive.

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