Market News

The Caravan Industry Association of Australia has released manufacturing and import figures for 2022, with nearly 50,000 new registrations recorded and 28,031 new units sold in Australia up 17.1 per cent compared to the previous year.

ARB Corporation Limited is in the red on the release of the company’s first-half earnings, posting a 5.1 per cent sales revenue decline to $340.9 million compared with the prior period as vehicle availability continues to constrain sales in Australia and the United Kingdom.  

ASX-listed steelmaker BlueScope has posted an underlying EBIT of $851 million and a net profit after tax (NPAT) of $599 million for the first half of fiscal year 2023. 

Australia-based global packaging manufacturer Orora has announced its financial results for the half year with earnings before interest and tax (EBIT) of $165.8 million, up 7.3 per cent driven by strong earnings growth in North America and robust earnings performance in Australasia.

Austal Australia has completed the fourth delivery of Evolved Cape-class Patrol Boats (ECCPBs) to the Royal Australian Navy (RAN). 

Waterco Limited has expanded its Asian operations with a newly opened branch in Vietnam. 

Metal additive manufacturing company AML3D said it raised $3 million through a placement of shares to a range of sophisticated investors. 

ASX-listed cold spray additive manufacturing company Titomic is the latest addition to SAE International’s sponsors for the development of SAE Cold Spray AM Specifications. 

German engineering company Bosch said it was able to boost sales and performance in the fiscal year 2022 “despite the challenging macroeconomic situation” with overall sales of €88.4 billion (AUD $137.5 billion), according to preliminary figures. 

The latest S&P Global Eurozone Manufacturing PMI reading rose for a third successive month to 48.8 in January, up from 47.8 in December.