Positive trading update15 Dec 2008 08:50
07:03 Eagle-i Holdings Plc - Trading Statement PRN
Eagle-i Holdings Plc
Pre Close Trading Update
Eagle-i Holdings Plc ("Eagle-i" or the "Company"), a leading developer and supplier of vehicle positioning and fleet management technology and services, announces a trading update following the end of the financial year to 30th November 2008.
The past twelve months have seen considerable progress in the roll-out of new solutions and services, with particular interest coming from fleet operators seeking to reduce fleet fuel costs and vehicle insurance premiums.
At the interim stage in May, the benefits of the strategic changes were already becoming apparent. Since this time, as previously announced, the Company has entered into significant agreements with AXA Assistance, HomeServe PLC and Hitachi Capital Vehicle Solutions Plc. These contracts alone provide the Company with access to a pool of over 75,000 vehicles over the next three years.
It has also been encouraging to see the steady adoption of our high value professional services offering which, during the year, recorded its single largest order worth over £250,000 as a component of one of the above contracts.
The preliminary results, planned to be announced in March, are expected to reflect continued strong growth in sales, whilst the benefits of our investment in new staff and technology will positively impact gross margins.
15 December 2008
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