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Thursday 08 November 2018

Tracsis closes solid year of progress

tracFor the year to the end of July 2018, AIM-listed traffic and transport data services provider, Tracsis, saw revenue increase 14% on an organic basis to £39.8m, with adjusted EBITDA up 11% to £9.4m.

The company provides software, hosting, consultancy and technology solutions to address mission critical challenges within the transport and traffic sectors. Tracsis goes to market via two main offerings: Rail Technology & Services and Traffic & Data Services – with its overall aim being to solve complex data driven problems. Revenue is split roughly 50/50 between these two segments, with growth in the former faster (+19% versus +13%). While profitability is also higher in Rail Technology & Services (an EBITDA margin of almost 36%), the firm has hit an important objective in pushing up the margin in Traffic & Data Services from 10% last year to 12.5% this year.

The full-year numbers underline what has been a very satisfactory period based on what was a solid first half with overall progress on multiple fronts – including M&A and operations. The Group holds a very nice position in a market with high barriers to entry and contracts sold on a repeat basis. The traffic and transport sectors are undergoing much change, and if Tracsis can be on hand to help with the critical data challenges there should be opportunities aplenty.

Posted by Kate Hanaghan at '09:58' - Tagged: results   transport   traffic  

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