Annual Reports

2019 Annual Report

2019 Annual Report


FY2019 was milestone year for Quickstep as we achieved a net profit and positive operating cashflow for the full-year, the first in the history of the company, as we continued our journey towards accelerated growth and long-term profitability.

We are extremely pleased to deliver this report to you. In FY2019 we continued to deliver on our commitments to all stakeholders and have shifted the business from a loss position to position of profit.  We can report that this is a sustainable profit position and we can look forward to accelerated growth.  Read more about some of the significant initiatives undertaken by our talented and dedicated team at Quickstep in FY2019.

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2018 Annual Report

2018 Annual Report


Our financial results for FY2018 reflect the success of the OneQuickstep change program, combined with JSF program volume growth, which has resulted in sales revenue increasing 14% from $51.9 million in FY2017 to $59.0 million in FY2018.

OneQuickstep continues to realign our company for growth and profitability, evidenced through $0.9 million EBIT and positive net profit after tax in the second half of FY2018.

Costs were reduced by $3.5 million in FY2018 through initiatives including closure of our German operations, consolidation of our R&D operations at Geelong and ceasing non-core programs. Lean enterprise programs have commenced at both our Bankstown and Geelong sites, increasing efficiency and productivity, and our second half gross margin was 5% higher than the first half.

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