Journeo PLC - Information systems and transport technical services group - Says 2022 order intake is up 50% to GBP27 million from GBP18 million a year earlier, which provides good earnings visibility for the current financial year. Revenue is up 35% to GBP21.1 million from GBP15.6 million. Journeo notes that across the year, the total number of vehicles connected to Journeo's software and services platform are up significantly to 10,000, from 4,000 in 2021, each generating monthly recurring revenues. Expects full-year profit to be in line with market expectations. Says it continues to work with suppliers and customers to mitigate supply chain issues, shipping and associated price increases.
Chief Executive Officer Russ Singleton says: "I am very pleased with our achievements in 2022 where the group's order intake, revenue and profit all increased strongly based on growing adoption of our own technology, software and IP. We have made good progress in our sustainability strategy, including reducing the environmental impact of our technologies such as introducing ultra-low power designs in our next generation display systems."
Current stock price: 134.50 pence, up 4.7% on Thursday morning in London
12-month change: up 25%
By Xindi Wei, Alliance News reporter
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Journeo (JNEO)