Singe piece carbon fibre composite wheel manufacturer Carbon Revolution made significant progress during its first year as a listed business including growing sales and sale prices, but still reported a big loss. The Geelong company grew sales 158 per cent during the 2020 financial year to $38.9 million, with 38 per cent of sales coming…
Advanced carbon fibre composite road wheel manufacturer, Carbon Revolution is eyeing off new export contracts as it clocks up rapid growth. FY20 was a year of progress for the Geelong company as it ramped up production to an annualised rate of 30,000, improved processes and shrugged off the effects of the Covid-19 pandemic. Turnover in…
Carbon fibre composite automotive wheel manufacturer Carbon Revolution has revealed that the Covid-19 pandemic is affecting demand for its product. The Geelong producer told investors that its sales growth was being affected, in turn cutting growth projections in the first half of the financial year. As recently as April Carbon Revolution was bullish about its…
Composite wheel manufacturer Carbon Revolution has revved up production of its one piece carbon fibre road wheels at its Geelong factory despite the uncertainties of the Covid-19 pandemic. The young company grew wheel sales 8.3 per cent in the March quarter as demand from its high-end global customers remained strong. A new high annualised rate…
When the going gets tough, the tough get going. Only a few months after listing carbon fibre composite automotive wheel manufacturer Carbon Revolution has completed a rushed $25 million capital raising. The company completed a non-underwritten institutional share placement ‘to position the company as strongly as possible to deal with the impacts on the business…
Recently listed carbon fibre composite wheel manufacturer Carbon Revolution is aiming to be EBITDA positive in the last quarter of the financial year as it continues to ramp up production. In its first report as a public company Carbon Revolution reaffirmed its aim of total revenue for the year of $62 million and production of…
Recently-listed carbon fibre wheel manufacturer Carbon Revolution (ASX: CBR) is on track to become profitable this year, increase annualised production to 32,000 units by June, and grow its workforce to 1,000 “within the next three to five years.”
Carbon fibre road wheel manufacturer Carbon Revolution (ASX:CBR) made a spectacular debut on the stock exchange after raising $90.1 million and listing on the ASX. The Geelong company’s $2.60 shares soared immediately reaching as high as $3.81, before closing at $3.55 with a market capitalisation of $450 million. The stunning debut caps off the company’s…
Carbon fibre wheel manufacturer Carbon Revolution is going ahead with plans to list on the ASX in December, according to a report this morning.
Geelong-based one-piece carbon fibre wheel manufacturer Carbon Revolution has announced a contract with an unnamed global maker of sport utility vehicles (SUVs). CEO Jake Dingle said the deal meant there were now five global automotive manufacturers using his company’s high-performance wheels. “SUVs represent a very important new segment of the market for Carbon…