Event Quickstep (QHL)- Australia’s leading independent manufacturer of advanced carbon fibre composite components - recently released its F2019 annual results. Highlights of the results include: • Sales of A$73.3m (+ 24% YoY). • EBITDA of A$5.8m, a significant improvement on FY18’s EBITDA of A$1.2m. • EBIT of A$3.9m versus FY18’s -A$1.3m; NPAT of A$2.7m versus FY18’s EBIT of -A$2.9m. • Positive EPS of 0.44c, versus FY18’s negative EPS of -0.51c (note: a +ve 0.95c swing) • Positive full-year operating cash flow of A$363k (-A$683k in FY18E). • Interest-bearing debt reduced by A$5.1m to A$8.5m from A$13.6m. • Year-end cash of A$7.3m (versus FY18’s year-end cash balance of only A$2.8m