Annual Reports

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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2017 Annual Report

2017 Annual Report


Quickstep announced that it was realigning the business to drive profitability and growth under the OneQuickstep banner.

The introduction of the OneQuickstep change program followed a comprehensive strategy and operational review by Mark Burgess, the new CEO/Managing Director, the executive management team and the Quickstep Board.

The review identified a number of important changes that are being implemented in FY18, with the objective of accelerating profitability and growth over the short, medium and longer term.

OneQuickstep is a values system and cultural change program that provides Quickstep with a vision and corporate values that will drive the behaviours of all employees and deliver improved financial performance for the business.

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