Austin Engineering Limited provides earnings guidance for the fiscal year 2023. Normalised Net profit after tax for fiscal year 2023 is now expected to be in the range $17-$19 million for the Austin group, including Mainetec. This figure is down from the previously reported guidance of $24 million, excluding Mainetec.

Normalised Group revenue is currently forecast to be up circa 25% in fiscal year 2023 (compared with fiscal year 2022). The group order book remains strong.