Australian scaffolding and formwork group Acrow has raised its full-year forecast, pointing to larger contract scopes and stronger industrial maintenance work.
In its trading update issued today (11 November), the company lifted expected revenue for the year to 30 June 2027 to A$440 million–A$470 million, from A$410 million–A$430 million.
Underlying earnings before interest, tax, depreciation and amortisation are forecast at A$110 million–A$120 million, up from A$105 million–A$115 million.
The figures cover the whole group, including its Industrial Access and Construction Services divisions.
Acrow said the scope of its Snowy 2.0 scaffold contract and Perdaman contract had expanded. It did not disclose values for the additional work.
Queensland formwork activity is also recovering, while maintenance and shutdown demand remains strong across the eastern seaboard and Western Australia.
Acrow gave its first forecast for underlying net profit after tax in FY27 of A$44 million–A$52 million, equivalent to 74% growth on FY26 at the midpoint.
Newly acquired AusGroup Industrial Services (AGIS) is contributing following completion on 1 September, with integration proceeding to plan.
Scaffmag reported in August that the AGIS deal would strengthen Acrow’s position in North Queensland. That earlier report carried revenue guidance of A$410 million–A$430 million.
The company’s capital expenditure budget remains A$30 million.
