Acrow's impressive contract growth and outlook

Acrow (ASX:ACF) has announced a significant increase in secured hire contract wins, with a 57% rise to $33.8 million for the four months ending October 31, 2024. The company also projects revenue growth of 27% and EBITDA growth of 14% for FY25, highlighting its strong market position and demand for services.

Overview of Acrow's strategic growth and outlook

Acrow (ASX:ACF) has recorded a 57% increase in secured hire contract wins, reaching $33.8 million over four months, and a record pipeline of $198 million. The company projects significant revenue and EBITDA growth for FY25, with revenue expected to rise by 27% and EBITDA by 14%. Acrow's strategic positioning and strong demand for its services highlight a positive outlook. The company remains focused on expanding its presence in the Australian civil infrastructure market and enhancing its offerings through innovation and strong partnerships.

Executive insights on Acrow's performance

The company's strong momentum and robust demand for our products and services underpin our positive medium-term outlook. Our strategic positioning and hard work have contributed to the record pipeline and positive earnings guidance.