MHM Automation has announced a record year of growth, with a 32% increase in revenue to $67.6m and operating EBITDA growth of 21% to $4.76m for the financial year to 30 June 2022.
This was driven by the successful deployment of its Step 100 strategy, which is centred around automation and diversification of products, markets and geographies.
The company also paid a special dividend of $1 million to shareholders and have entered the 2023 financial year with a record forward work contracted of $53m.
CEO Richard Rookes is confident in the year ahead and expects further growth, with a forecast of revenue and EBITDA in excess of $5m for the 2023 financial year.
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