Trailer maker MaxiTrans has had a strong 2011-12 financial year, recording a near 200% rise in net profit to NZ$15.8 million across its Australian and New Zealand operations.
Total revenue grew by NZ$95 million to NZ$355.3 million, up 37%.
New Zealand unit sales for the past financial year were up 35% on the prior year, compared with the New Zealand trailing equipment market which MaxiTrans says grew by 20% in the same period.
Following the relocation to new purpose built premises; the business was expanded through Freighter product range extensions and new product designs that deliver tare weight advantages.
MaxiTrans NZ expects orders to increase as the market adjusts to changes to the Road User Charge (RUC) tax system.
With the finalisation of new regulations, the expansion of MaxiTrans’ product range, and the benefit of a new and larger manufacturing facility, the New Zealand business is expected to grow in sales and market share in the current financial year.
Unit sales across the Australian and New Zealand operations were also up 35% on the previous financial year. MaxiTrans credits much of the result to improved market conditions and ongoing activity in the mining industry and the agricultural sector.
The unit sales of trailers, vans and rigid bodies increased by 42%, compared with the previous year, and the sale of tippers is also up by 23%, with order intake rising by 58%.
“Our activity in the mining and resources sector accelerated during the year following the launch of several new products as well as the delivery of extra heavy duty side tippers for local cartage in Queensland,” says MaxiTrans.
It says it is positive about the year ahead, following the company’s acquisition of Azmeb Global Trailers in May. MaxiTrans says the business has a large amount of orders to fill, which are subject to positive trading conditions continuing in the agricultural and mining sectors.
