AGM Statement

RNS Number : 7631Q

Trakm8 Holdings PLC

04 September 2014

 



4^th September 2014

Trakm8 Holdings plc

("Trakm8" or the "Group")

AGM Statement & Trading Update

Trakm8 Holdings plc, the AIM listed telematics and data supplier to global markets, is today holding its Annual General Meeting. Executive Chairman John Watkins will make the following statement on current trading at the meeting.

Trakm8 is pleased to report that trading in the first four months of the current financial year commencing 1 April 2014 has started well with the strong organic growth of last year continuing. The value of new orders booked are 33% greater than the same period last year on a like for like basis. A full period contribution from BOX (which the Group did not own at the same stage last year) along with much higher levels of Trakm8 sales have resulted in revenues being considerably higher than last year with the corresponding benefit to profitability.

There are now 75,000 units reporting to our servers, an increase of 17,000 in the new financial year.

New customer contracts with Kubota and Downton have been announced and the shipments to Direct Line customers have started. The T10 product family is expanding in range and features, which has increased the numbers of customers purchasing both hardware and data services.

The Board is confident that, with this good start to the current financial year, the Group is on course to achieve expectations for the year as a whole.

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For further information please contact:

Trakm8 Holdings plc	01747 858444
John Watkins, Executive Chairman
James Hedges, Finance Director
MHP Communications (Financial PR to Trakm8)	020 3128 8100
Reg Hoare / Vicky Watkins
finnCap (Nomad & Broker to Trakm8)	020 7220 0500
Ed Frisby / Christopher Raggett - corporate finance Joanna Weaving - corporate broking

About Trakm8

Trakm8, the M2M telematics company using Big Data analytics to improve driver behaviour is a leading technology designer, developer and manufacturer of telematics products and solutions.

The Group, based in Shaftesbury, Dorset, distributes its hardware and software through a network of distributors worldwide. In addition the Group provides vehicle monitoring and tracking services direct to the B2B market.  Trakm8's IP owned products and services allow vehicles and drivers to be monitored, allowing organisations to manage deliveries and services, or track stolen vehicles down to five metres.

Recently Trakm8 have developed the T10 product range, which includes a self-installed telematics device. The Group's services also include driver behaviour management solutions that can reduce fuel consumption by 10% or more, reduce risk of accidents, logistics routing & scheduling packages, and tachograph data reporting. The Group's customers include Direct Line Group, Eon, St Gobain, the AA, Fujitsu and Kubota.

Trakm8 has been listed on the AIM market of the London Stock Exchange since 2005.

www.trakm8.com

 

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