"The company recorded earnings before interest and tax (EBIT), also excluding FX gains, of $21.7 million. This was up from $7.4 million in FY18, primarily due to plant utilisation moving above 50%."
Above is an extract from the recent financial results presentation, and I am looking for an explanation on the meaning of plant utilisation rising above 50% driving revenue growth. What does plant utilisation indeed represent as I believed that EOS were at production capacity at their plants, thus driving the need for further sites so that the $620m of revenue backlog could be achieved. Could someone enlighten me as to the significance of this.
Ann: 2019 Results Presentation, page-49
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