Acrow Formwork and Construction Services Limited (AU:ACF) has released an update.
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Acrow Formwork and Construction Services Limited remains confident in its FY24 financial guidance, maintaining expected revenue between $215m and $225m and EBITDA from $73m to $76m, indicating significant growth from the previous year. The company’s recent acquisition, Benchmark Scaffolding, is performing well, and new contracts have been secured across various industrial projects. Furthermore, the introduction of new products like Acrowdeck and expansion in the Jacking Systems business are contributing to an aggressive growth strategy, with additional capital investments anticipated to meet rising demand.
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