REG - Tracsis PLC - Trading Update and Notice of Results

TracsisAnnouncement

23/02/2022 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220223:nRSW4828Ca&default-theme=true

RNS Number : 4828C  Tracsis PLC  23 February 2022

23 February
2022

 

Tracsis plc

("Tracsis" or "the Group")

 

Trading Update and Notice of Results

 

Tracsis, a leading provider of software, hardware, data analytics/GIS and
services for the rail, traffic data and wider transport industries, is pleased
to provide the following trading update for the six months ended 31 January
2022.

Trading for the first half of the year has been in line with the Board's
expectations.

Group revenue is expected to have increased to c.£29m (H1 2021: £22.2m),
which includes a strong post-Covid lockdown recovery of activities in the
Events and Traffic Data business units. In the Rail Technology and Services
Division, we have won several multi-year rail technology software contracts
including our first multi-year contract in the rail freight sector for our
TRACS Enterprise product suite.

EBITDA is expected to have increased by around 10% (H1 2021: £5.4m). Cash
balances remain strong at c.£25m (H1 2021: £20.8m) which enable the Group to
continue to invest in our technology base and to pursue a growing pipeline of
acquisition opportunities.

The integration of Icon Group, a Dublin-based interdisciplinary geoscience
company specialising in Earth Observation that was acquired in November 2021,
is progressing well.

The Board's expectations for the year ending 31 July 2022 remain unchanged.

The Group's interim results will be announced on 7 April 2022.

The Board is committed to communicating with all investors equally and
directly, to ensure that its strategy, business model and performance are
clearly understood. Accordingly, as part of the Group's interim results
roadshow, a live online investor presentation will be given by management,
hosted by piworld, on Friday 8 April at 1pm UK time.

Anyone wishing to participate should register
here: https://bit.ly/TRCS_Interim_webinar_r
(https://bit.ly/TRCS_Interim_webinar_r)

The information contained within this announcement is deemed by the Company to
constitute inside information under the Market Abuse Regulation (EU) No.
596/2014.

 

 

 Enquiries:

 Tracsis                                                                                                                                                                                                                                                                                                                       Tel: 0845 125 9162
 plc
 Chris Barnes, CEO
 Andy Kelly, CFO

 finnCap                                                                                                                                                                                                                                                                                                                       Tel: 020 7220 0500
 Ltd
 Christopher Raggett/Charlie Beeson, Corporate Finance
 Andrew Burdis/Sunila de Silva, Corporate Broking

 Alma                                                                                                                                                                                                                                                                                                                          Tel: 020 3405 0205
 PR
 David Ison/Hilary Buchanan/Joe Pederzolli                                                                                                                                                                                                                                                                                     tracsis@almapr.co.uk

 

 

Notes to editors:

 

·    Tracsis plc is a technology company and a leading provider of
software and hardware products, data capture and data analytics/GIS services
for the rail, traffic data and wider transport industries.

 

·    Tracsis' products and services are widely used to increase
efficiency, reduce cost and risk, improve operational and asset performance,
improve safety management and decision making capabilities and improve the
overall end-user experience for clients and customers.

 

·    The Group is split into two principle operating areas built around
detailed industry knowledge and expertise:

-    Rail Technology & Services:  Software and technology/product led
business. It develops and supplies software that solves complex resource,
asset optimisation and control problems for Train Operators and Smart
Ticketing, Delay Repay and other retail software to improve the customer
experience for rail users. It also develops remote condition monitoring
hardware, data acquisition software and safety and risk management software
for rail infrastructure providers.

-    Data, Analytics, Consultancy & Events: A largely services led
business that focuses on data capture, data analytics, GIS, data insights,
consultancy and event traffic management within a range of transport and
pedestrian rich environments.  The business provides technology/bespoke
products and data that underpins large scale intelligent transport system and
smart city planning and decision making.

 

·    Tracsis has a blue-chip client base which includes all major UK
transport owning groups.  The business also works extensively with Network
Rail, Train Operating Groups and Companies, the Department for Transport, TfL,
multiple local authorities, major outdoor music and sporting event organisers,
and a wide variety of large engineering and infrastructure companies.

 

·    The business drives growth both organically and through acquisition
and has made sixteen acquisitions since 2008.

 

For more information on Tracsis please visit http://www.tracsis.com
(http://www.tracsis.com/)

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NORDZGZZNZRGZZM