Tracsis PLC Trading Update (7200J)
25 Agosto 2021 - 1:32AM
UK Regulatory
TIDMTRCS
RNS Number : 7200J
Tracsis PLC
25 August 2021
25 August 2021
Tracsis plc
("Tracsis" or "the Group")
Trading Update
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 year ended 31 July 2021.
Group revenues are expected to be close to GBP50m (2020:
GBP48.0m) reflecting a strong end of year recovery in activity
levels in our Traffic Data and Events business units, and further
organic growth in the Rail Technology and Services Division and in
Data Analytics/GIS. The Group expects to report an adjusted EBITDA
margin in excess of 25% (2020: 21.8%) which includes the positive
impact of cost reduction actions taken in response to the
pandemic.
Cash balances at the end of July were cGBP25.4m (2020: GBP17.9m)
with no Covid deferrals due to be paid. This once again reflects
strong cash generation within the Group and provides a strong
platform for continued
investment in future organic and acquisitive growth opportunities.
Our Rail Technology and Services Division has continued to trade
well. The Division benefits from high levels of recurring software
revenue and has a large pipeline of multi-year opportunities.
Performance for the year to 31 July 2021 includes the initial
benefit from the large RailHub Enterprise Software contract win
announced in July 2021, as well as continued strong demand for our
Remote Condition Monitoring products.
The Data, Analytics, Consultancy and Events Division has
performed well despite the impact of Covid-19 on the end markets of
our Traffic Data and Events businesses. Our primary objective
throughout the Covid pandemic has been to protect jobs and employee
wellbeing, as a result of which we have been well positioned to
respond quickly to increased demand in both markets as Covid
restrictions have been lifted. We anticipate further recovery in
activity levels through Q1 of FY 21/22, supported by the recently
announced Government-backed insurance scheme for the live events
sector.
Results for the year ended 31 July 2021 will be announced to the
market in November 2021.
Enquiries:
Tracsis plc Tel: 0845 125 9162
Chris Barnes, CEO
Andy Kelly, CFO
finnCap Ltd Tel: 020 7220 0500
Christopher Raggett/Charlie Beeson, Corporate
Finance
Andrew Burdis, Corporate Broking
Alma PR Tel: 020 3405 0205
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 analytic/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 customer experience for
clients and customers.
-- The Group is split into two principal operating areas built
around detailed industry knowledge and expertise:
- Rail Technology & Services: Software and
technology/product led business. Develops remote condition
monitoring hardware, data acquisition software and safety and risk
management software for rail infrastructure providers. 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.
- 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 fifteen acquisitions since 2008.
For more information on Tracsis please visit
http://www.tracsis.com
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