Trakm8 Holdings PLC AGM Statement & Trading Update (5883M)
23 Septiembre 2021 - 12:59AM
UK Regulatory
TIDMTRAK
RNS Number : 5883M
Trakm8 Holdings PLC
23 September 2021
23 September 2021
Trakm8 Holdings plc
("Trakm8", the "Group" or the "Company")
AGM Statement & Trading Update
Trakm8 Holdings plc (AIM: TRAK), the global telematics and data
insight provider, is today holding its Annual General Meeting.
Executive Chairman John Watkins will make the following statement
on current trading at the meeting.
"Revenues in the first five months of the current financial year
commencing 1 April 2021 have been 19% more than the same period
last year. Overall, connections have increased by 1% to 257,000
since the start of the year. During the period a number of new
Insurance and Fleet customers were secured and several of our large
customers renewed their contracts. There has been a return to a
more normal Fleet attrition rate and with the increased deployment
of new solutions the number of Fleet connections has increased by
3% (2,000) to 72,000. Although the return of the insurance
telematics market following third Covid-19 lockdown has been weaker
than the corresponding rate of return after the first Covid-19
lockdown, our combined insurance and connected car proposition has
performed solidly. There has been a 1% increase (1,000) in
Insurance & Automotive connections to 185,000.
Supply chain challenges have been widely reported and we have
not been immune to them. To date we have managed to avoid any
disruptions to our supply to customers.
The second half of the year will benefit from the growth in
connections and recurring revenues in both Fleet and Insurance.
Despite some additional costs associated with mitigation of supply
chain challenges, the Board is confident that for the full year
ending 31(st) March 2022, Revenue will be approximately GBP19m and
the Group will break even on both Adjusted Profit before Tax and
Profit after Tax bases in line with market expectations."
- Ends -
For further information:
Trakm8 Holdings plc
John Watkins, Executive Chairman Tel: +44 (0) 167 543 4200
Jon Furber, Finance Director www.trakm8.com
Arden Partners plc (Nominated Adviser Tel: +44 (0) 20 7614 5900
& Broker)
Paul Shackleton, Head of Corporate www.arden-partners.com
Finance
Simon Johnson, Head of Sales
About Trakm8
Trakm8 is a UK based technology leader in fleet management,
insurance telematics, connected car, and optimisation. Through IP
owned technology, the Group analyses data collected by its
installed base of telematics units to fine tune the algorithms that
are used to produce its' solutions; these monitor driver behaviour,
identify crash events and monitor vehicle health to provide
actionable insights to continuously improve the security and
operational efficiency of both company fleets and private
drivers.
The Group's product portfolio includes the latest data analytics
and reporting portal (Trakm8 Insight), integrated
telematics/cameras/optimisation, self-installed telematics units
and one of the widest ranges of installed telematics devices.
Trakm8 has over 257,000 connections.
Headquartered in Coleshill near Birmingham alongside its
manufacturing facility, the Group supplies to the Fleet,
Optimisation, Insurance and Automotive sectors to many well-known
customers in the UK and internationally including the AA, Saint
Gobain, EON, Iceland Foods, The Parts Alliance Group, Direct Line
Group, LexisNexis and Ingenie.
Trakm8 has been listed on the AIM market of the London Stock
Exchange since 2005.
www.trakm8.com / @Trakm8
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END
AGMEAXNAASKFEEA
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September 23, 2021 01:59 ET (05:59 GMT)
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