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Quickstep Holdings Limited - Laying groundwork for 2018/2019 growth
In FY16, QHL strengthened its balance sheet by reducing debt by A$5.5m, invested in PPE to support the forward C-130J and JSF sales pipeline, and supported R&D initiatives at both the aerospace and automotive operations. We calculate that the above items (including safety-stock inventory build-up) account for the bulk of the A$14.5m cash outflow reported during the year.