Director, RaaS Research Group, Research as a Service (RaaS)

RaaS Research Group (RaaS)

Director, RaaS Research Group

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<p><a target="_blank"></a><a target="_blank"></a><a target="_blank"></a><a target="_blank"></a><a target="_blank"></a><a target="_blank"></a><a target="_blank"></a><a target="_blank"></a><a target="_blank"></a><a target="_blank"></a><a target="_blank">Mader Group Ltd (ASX:MAD) is a provider of heavy mobile equipment maintenance services to the resources sector using its specialised labour force of ~1,400 employees. The group is said to be cheaper than the Original Equipment Manufacturers (OEMs) while offering greater flexibility (multiple brands), capacity (large and diverse workforce) and quality (OHS &amp; training). MAD listed in September 2019, with founding shareholders selling 50m shares at $1.00/share to realise a portion of their investment, provide liquidity and encourage employee ownership. Currently 90% of revenues are derived from Australia with iron ore (46%) and gold (17%) key industry exposures. As a result, activity levels and the underlying price of these commodities is a key revenue driver. The group is looking to expand both regionally in Australia and the US, is re-entering the Canadian market and actively looking at other countries. Q1FY21 was impacted by COVID related disruption (border closures impacting skilled worker movements) but less disruption in Q2 resulted in 1H21 revenue growth of 6.4% (to $141m) and flat NPAT of $8.7m. Group net debt was stable at $19.9m. &nbsp;&nbsp;&nbsp;</a></p>
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Mader Group Ltd (ASX:MAD) is a provider of heavy mobile equipment maintenance services to the resources sector using its specialised labour force of ~1,400 employees. The group is said to be cheaper than the Original Equipment Manufacturers (OEMs) while offering greater flexibility (multiple brands), capacity (large and diverse workforce) and quality (OHS &amp; training). MAD listed in September 2019, with founding shareholders selling 50m shares at $1.00/share to realise a portion of their investment, provide liquidity and encourage employee ownership. Currently 90% of revenues are derived from Australia with iron ore (46%) and gold (17%) key industry exposures. As a result, activity levels and the underlying price of these commodities is a key revenue driver. The group is looking to expand both regionally in Australia and the US, is re-entering the Canadian market and actively looking at other countries. Q1FY21 was impacted by COVID related disruption (border closures impacting skilled worker movements) but less disruption in Q2 resulted in 1H21 revenue growth of 6.4% (to $141m) and flat NPAT of $8.7m. Group net debt was stable at $19.9m. &nbsp;&nbsp;&nbsp;







Mader Group - Maintaining Earnings Before Global Relaunch

Australia

Mader Group is a solution-driven global maintenance provider powered by mechanically minded specialists. We are passionate about heavy equipment maintenance and dedicated to helping our customers maximise productivity and achieve targets through optimal fleet and plant performance.

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Mader Group Ltd (MAD AU)

Mader Group - Maintaining Earnings Before Global Relaunch

Mader Group Ltd (ASX:MAD) is a provider of heavy mobile equipment maintenance services to the resources sector using its specialised labour...

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