Brief: Sensys Gatso Raises Revenue Expectations From Contract In Netherlands To SEK 400 Mln

Sensys Gatso AB

02/11/2023 09:15

Nov 2 (Reuters) - Sensys Gatso Group AB  SGG.ST :
    * SENSYS GATSO RAISES REVENUE EXPECTATIONS FROM THE
PROCUREMENT
CONTRACT IN THE NETHERLANDS TO SEK 400 MILLION
    * THE DUTCH GOVERNMENT HAS BUDGETED TOTAL PROJECT VALUE OF
€74
MILLION
    * EXPECTS 50% OF TOTAL PROJECT WILL BE AWARDED TO SENSYS
GATSO
    * CONTRACT INCREASES ITS REVENUE EXPECTATION FROM EUR 25
MILLION
TO EUR 37 MILLION OR APPROXIMATELY SEK 400 MILLION
    * ABOUT 50% OF THE CONTRACT VALUE, SEK 200 MILLION, RELATES
TO
REVENUES FOR SYSTEM SALES FOR ROLL-OUT OF SURVEILLANCE SYSTEMS
    * REMAINING PART OF CONTRACT VALUE OF SEK 200 MILLION IS
RECURRING
TRAAS REVENUES RELATED TO SERVICE, MAINTENANCE AND OPERATION OF
THE SURVEILLANCE SOLUTION

Source text for Eikon:  ID:nWkr8CjRLq 
Further company coverage:  SGG.ST 

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