Trading Update

RNS Number : 7675V

Tracsis PLC

12 August 2015

 

12 August 2015

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 provide the following trading update for the year ended 31 July 2015 ahead of the full year results being published.

Due to strong trading across the Group full year results are now expected to be ahead of the previous year and market forecasts.  The Board anticipates that Group revenue will be circa £25m (2014: £22.4m) with Adjusted Pre-tax Profit expected to be comfortably ahead of market expectations of £5.5m and also ahead of the previous year (2014: £5.0m).  Year-end cash balances were in excess of £12m (2014: £8.9m), and the business remains debt free.

In line with the Group's stated strategy, Management continues to pursue a number of investment opportunities and looks forward to updating the market in due course.

Full Year results will be announced in late October or early November and a date will be communicated to the market in due course.

For more information please contact:

John McArthur/Max Cawthra, Tracsis plc	Tel: [phone]
Dominic Emery/Matt Lewis, Investec Bank plc	Tel: [phone]
Rebecca Sanders-Hewett, Redleaf PR	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 and rail management 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.

-  Traffic & Data Services: Collation of data 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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