Brief: Mix Telematics Raises Full-Year Guidance For Both Revenue And Profit

MiX Telematics

01/02/2018 06:00

Feb 1 (Reuters) - Mix Telematics Ltd  MIXJ.J : 
    * MIX TELEMATICS LTD -Q3 SUBSCRIPTION REVENUE OF R376 
MILLION 
($30.4 MILLION), UP OVER 21% YEAR OVER YEAR ON A CONSTANT 
CURRENCY BASIS 
    * MIX TELEMATICS LTD - Q3 NET SUBSCRIBER ADDITIONS OF 
24,700, 
BRINGING TOTAL SUBSCRIBER BASE TO OVER 664,000, UP 10% 
YEAR-ON-YEAR 
    * MIX TELEMATICS LTD - Q3 OPERATING PROFIT OF R53 MILLION 
($4.3 
MILLION), UP 11% YEAR OVER YEAR 
    * MIX TELEMATICS LTD - COMPANY RAISES FULL-YEAR GUIDANCE FOR 
BOTH 
REVENUE AND PROFIT 
    * MIX TELEMATICS LTD - Q3 ADJUSTED EBITDA OF R115 MILLION 
($9.3 
MILLION), UP 30% YEAR OVER YEAR 
    * MIX TELEMATICS LTD - Q3 ADJUSTED EBITDA MARGIN OF 25.9% 
CONTINUES QUARTERLY IMPROVEMENT TREND SINCE START OF FISCAL 
    * MIX TELEMATICS LTD - SEES 2018 SUBSCRIPTION REVENUE - 
R1,432 
MILLION TO R1,436 MILLION 
    * MIX TELEMATICS LTD -SEES 2018 ADJUSTED EBITDA - R417 
MILLION TO 
R428 MILLION ($34.9 MILLION TO $35.9 MILLION) 
    * MIX TELEMATICS LTD - SEES 2018 TOTAL REVENUE - R1,690 
MILLION 
TO R1,695 MILLION 
    * MIX TELEMATICS LTD - FOR Q4 OF FISCAL 2018 COMPANY 
EXPECTS 
SUBSCRIPTION REVENUE TO BE IN RANGE OF R371 MILLION TO R375 
MILLION 
 
Source text for Eikon:  ID:nJseA0005a  
Further company coverage:  MIXJ.J  
 
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