RE: Microlise has built some strong market positions24 Nov 2025 12:52
Telematics supplier Microlise Group (LON: SAAS) says lower OEM volumes due to tariffs and the weak economy. There have also been delays in projects. There are plans to cut annualised costs by £4m. That is too late for 2025 when forecast revenues have been cut from £91.3m to £84m, while earnings have been slashed from 5.5p/share to 3.1p/share. The 2026 earnings forecast has been cut to 4.9p/share. Customer churn remains low. The share price slumped 30.1% to 97.5p.