Southern Cross Electrical Engineering Limited (ASX:SXE) Managing Director & CEO Graeme Dunn discusses the company's FY17 results, its order book and strategy.Key points:- Electrical, instrumentation, communication and maintenance services company recognised for industry leading capabilities
- Diversified business with entries into the transport infrastructure, defence, renewables and utilities sectors
- Acquisition of Datatel provided a direct and scalable entry into the telecommunications sector
- The Heyday acquisition, a transformational milestone (from commercial and cultural POV)
- Cash of $40.6 million and negligible debt at 30 June
- Further $9.25 million of cash due to Heyday vendors in September 2017
- Available bank guarantee and surety bond facilities of $75.5 million of which $42.9 million used.
- Anticipate revenues over $350 million in FY18 with over 80% of orders already secured
