MaxiTRANS as markets grow
customers as it provides national support for products. Outlook The company continues to see improving conditions in the Australian trailer market as operators upgrade their ageing fleets and most key economic drivers remain positive. This will benefit both the Australian trailer business as well as the MaxiPARTS parts business, it said.
In the short term, order intake remains strong, particularly in both the general freight and the food and grocery sectors, benefiting its Freighter and MaxiCUBE products. While tipper order intake is lower than the last financial year, it is still somewhat dependent on the crop outlook and the timing of commencement of new infrastructure projects.
“With the New Zealand warranty issues now largely behind us and the further establishment of our Christchurch service facility, we can look forward to this business returning to profitability in the next financial year.
“We look forward to completing the significant investment in our new IT systems over the next financial year. This will be a key enabler to driving operational efficiency through the business resulting in strong operating cash flow in future years. In conjunction with this investment, the company has made good progress in reviewing the group’s capital allocation. A number of other plans continue in development and will be implemented during FY19.”
The company continues to execute upon its corporate strategy to not only improve the operational efficiency in its current business but also to pursue growth opportunities in existing markets, looking to identify new market opportunities, all with the aim of improving shareholder returns.
Underlying this will be a continued focus on improving safety performance.
GROWTH SPURT: The company also experienced strong sales growth of its Freighter brand products.
Upgrades of ageing fleets have boosted confidence in future orders.
MaxiTRANS is committed to focus on improving safety performance.