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(Alliance News) - Vehicle monitoring technology firm Tracsis PLC on Tuesday said it is pleased with annual performance, which should meet market expectations.
Trading in the year to July 31 was "strong", Tracsis said, with second half performance particularly pleasing.
As a result, the company sees revenue, earnings before interest, tax, depreciation, and amortisation, and adjusted earnings before interest and tax all meeting market expectations.
The market, according to Tracsis, sees revenue rising 17% to GBP46.7 million, Ebitda by 11% to GBP10.4 million, and adjusted Ebit by 10% to GBP9.6 million.
Tracsis has achieved a "good mix" of both organic and acquisitive growth, and cash generation was "excellent".
Rail Technology & Services was boosted by both acquisitions and organic growth, especially a contract with a "major" train-owning firm. Traffic & Data Services also did well, with acquisitions performed solidly since incorporation.
Tracsis was 5.9% higher in London on Tuesday morning at a price of 627.50 pence each.
