AHL - Adrad Holdings

[System]

Adrad Holdings Limited (AHL) is an Australian-based business specialising in the design and manufacture of innovative heat transfer solutions for OE customers globally and the manufacture, importation and distribution of automotive parts for the aftermarket in Australia and New Zealand.

Adrad was founded in 1985 by Gary and Karen Washington with a focus on delivering reliable and efficient heat transfer solutions to the aftermarket segment that meet the needs of its customers across a broad range of industries including automotive, transport, mining, construction, agriculture and energy.

Adrad has an established network of branches, workshops and manufacturing facilities across 8 main sites and 16 warehouses in Australia, New Zealand and Thailand.

Adrad is headquartered in Beverley, South Australia and has approximately 500 employees.

It is anticipated that AHL will list on the ASX on 30 September 2022.

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adradholdings.com.au

 

[Dona Ferentes]

Listing date	30 September 2022 ; 10:30 AM AEST ##
Contact details	https://adradholdings.com.au/ Ph: +61 8 8243 9876
Principal Activities	Design and manufacture of innovative heat transfer solutions for OE customers globally and the manufacture, importation and distribution of automotive parts for the aftermarket in Australia and New Zealand.
GICS industry group	TBA
Issue Price	AUD 1.50
Issue Type	Ordinary Fully Paid Shares
Security code	AHL
Capital to be Raised	$22,000,000
Expected offer close date	15 September 2022
Underwriter	Bell Potter Securities Limited and Morgans Corporate Limited (Joint underwriters and Lead managers)

 

[Dona Ferentes]

AHL hasn't really shot the lights out in the 9 months since listing. And not really a speccie stock. Market cap $80M



Adrad achieves solid first half growth
.... Feb 2023: Australian-based automotive aftermarket and industrial original equipment heat transfer solutions provider is pleased to announce its half year results for the period ending 31 December 2022 (1H FY23).

Key highlights
• Revenue of $68.3m, a 7% increase compared to the prior corresponding period
• Positive EBITDA of $6.9m
• Positive cashflow from operations of $3.8M generated
• Aftermarket segment achieved growth in customers and expanded its product range during the half year
• Experiencing strong order books from key OE customers through calendar year 2023
• Revenue expectations maintained to be between $135m to $140m for FY23,
approximately 5% - 10% higher than FY22
• Dividend of 0.7 cents per share declared