Trakm8 Holdings PLC AGM Statement & Trading Update (1838Y)
09 September 2015 - 4:00PM
UK Regulatory
TIDMTRAK
RNS Number : 1838Y
Trakm8 Holdings PLC
09 September 2015
Trakm8 Holdings plc
("Trakm8", the "Group" or the "Company")
AGM Statement & Trading Update
Trakm8 Holdings plc, the AIM listed telematics and data supplier
to global markets, is today holding its Annual General Meeting.
Executive Chairman John Watkins will be making the following
statement on current trading at the meeting.
Trakm8 is pleased to advise that trading in the first five
months of the current financial year commencing 1 April 2015 has
started well. Group new orders booked have been received at a rate
of 19% greater than the same period last year. This continues the
trend of strong organic growth of recent years. The early weeks of
DCS' camera sales, following its acquisition in June, have been at
the expected levels. Overall, Group revenues are considerably
higher than last year benefiting from higher order books and
contributions from acquisitions.
Recurring revenues also continue to grow with 127,000 units now
reporting to our servers, an increase of 24,000 since the last
financial year end.
A new customer contract with Bibby Distribution was announced in
June and the installations have already started. A BLE (bluetooth
low energy) diagnostic version of our T10 telematics device has
been launched and supplied to customers in the UK and USA. Further
T10 derivatives are in the final stages of approvals.
The Board is confident that, with this good start to the current
financial year, the Group remains on course to achieve its
expectations for the full year.
Capital Markets Event
Following the AGM, the Company is hosting a Capital Markets
presentation for analysts and investors, from 10.30 - 12.00 at the
same location. Private investors are welcome to attend. Those
wishing to attend the presentation should pre-register their
interest by e-mailing MHP Communications at trakm8@mhpc.com
No new material financial information will be disclosed in the
presentation.
For further information please contact:
Trakm8 Holdings plc +44 1747 858444
John Watkins, Executive Chairman
James Hedges, Finance Director
MHP Communications (Financial
PR to Trakm8) +44 20 3128 8100
Reg Hoare / Jade Neal
finnCap (Nomad & Broker to
Trakm8) +44 20 7220 0500
Ed Frisby / Simon Hicks -
corporate finance
Jo Weaving - corporate broking
About Trakm8
Trakm8, the M2M telematics company using Big Data analytics to
improve driver behaviour is a leading technology designer,
developer and manufacturer of telematics products and
solutions.
The Group, based in Shaftesbury, Dorset, distributes its
hardware and software through a network of distributors worldwide.
In addition the Group provides vehicle monitoring and tracking
services direct to the B2B market. Trakm8's IP owned products and
services allow vehicles and drivers to be monitored, allowing
organisations to manage deliveries and services, or track stolen
vehicles down to five metres.
In June 2015, the Group acquired the business and assets of DCS
Ltd, who specialise in the design and distribution of camera
systems for the motor vehicle, bicycle and security markets. This
further strengthens Trakm8's offering into the Telematics
marketplace, with the acquisition based on the market's demand for
forward facing vehicle cameras to record driving incidents and
mitigate the risk from "crash to cash" accidents.
Trakm8's most recent generation of hardware is the T10 product
range, which includes a self-install telematics device. The Group's
services also include a driver behaviour management solution that
reduces fuel consumption by 10% or more and reduces the risk of
accidents. This is complemented by a logistics routing and
scheduling package, integrated tachograph data reporting
facilities, and the ability to read vehicle DTCs (Diagnostic
Trouble Codes) reducing serviceability downtime. The Group's
customers include the AA, St Gobain, EON, Direct Line Group, &
Young Marmalade.
Trakm8 has been listed on the AIM market of the London Stock
Exchange since 2005.
www.trakm8.com / @Trakm8
This information is provided by RNS
The company news service from the London Stock Exchange
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