Market News

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. 

Global manufacturing output and new orders have shown slower contraction in the first month of 2023, resulting in a 49.1 PMI score in January, up from December’s 48.7 rating. 

The manufacturing sector in Australia slipped into stagnation in January with a manufacturing Purchasing Managers’ Index (PMI) score of 50.0, down from 50.2 in December 2022, marking the conclusion of a 31-month growth streak.

ASX-listed defence and space company Electro Optic Systems is engaged in active contract negotiations on the prospective supply of a significant number of Remote Weapons Systems (RWS) and related components and spares for Ukraine.