Trading Update

RNS Number : 1995K

Tracsis PLC

23 June 2014

 



Tracsis plc

("Tracsis" or the "Group")

Trading update

Tracsis plc, a leading provider of software and technology led products and services for the transportation industry, is pleased to announce a trading update. 

As a result of strong trading across all areas of the Group, the Board expects both revenue and profit to be significantly ahead of current market forecasts for the year ending 31 July 2014.   Full year revenue is now expected to be in excess of £20m.   

Furthermore, the Group is pleased to announce that the integration of Datasys, which was acquired in May 2014, is proceeding to plan. 

John McArthur, Chief Executive Officer commented:

"The Group continues to perform well and this has been buoyed by record levels of investment into UK rail to cope with an ever increasing demand for services.  We believe public transport, particularly rail, is set for further significant growth in order to meet the capacity and performance challenges that will be placed on it in the years ahead. Tracsis is well placed to benefit from this growth."

For more information please contact:

John McArthur/Max Cawthra, Tracsis plc	Tel: [phone]
Katy Mitchell, WH Ireland Limited	Tel: [phone]
Rebecca Sanders Hewett/Jenny Bahr, Redleaf Polhill	Tel: [phone] [e-mail]

Notes to editors: 

§ The Group specialises in solving a variety of data capture, reporting and resource optimisation problems along with the provision of a range of associated professional services.

§ Tracsis' products and services are used to increase efficiency, reduce cost and improve the operational performance and decision making capabilities for clients and customers. 

§ The Company offers the following services:

-  Software and technology led consulting: Industry strength resource optimisation software that covers a variety of asset classes working alongside consulting and related professional services across the operational and strategic planning horizon.

-  Remote Condition Monitoring: Technology and reporting for critical infrastructure assets in real time, to identify problems and aid with preventative maintenance.

-  Data Capture: Collation and analytical services within traffic and pedestrian rich environments.

§ Tracsis has a blue chip client base which includes the majority of UK transport operators such as Arriva, First, Stagecoach, Go-Ahead, National Express and Virgin.  The business also works extensively with Network Rail, the Department of Transport, multiple local authorities, and a variety of large engineering/infrastructure companies.

§ Tracsis has offices in the UK and Australia which service projects in Europe and Australasia.

§ The business drives growth both organically and through acquisition and has made six acquisitions since 2008.

§ Tracsis listed on AIM in 2007 under ticker TRCS.

§ For more information visit http://www.tracsis.com

 

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