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Tracsis PLC - Leeds-based provider of software, hardware, data analytics and services for the rail, traffic data, and wider transport industries - Expects revenue for year-ended July 31 to be over £81 million, in line with £80.0 million to £82.0 million range it forecast in June, though down from £82 million a year ago. Analyst consensus had been £84.0 million to £85.9 million, though THIS could not be met due to ‘short term impact of the UK general Election’. Says operations returning to ‘normal levels’ post-election. Adds it is ‘well aligned’ with new UK government rail initiatives including the creation of Great British Railways, the re-nationalisation of train operating companies and efficiency, reliability, safety, and customer experience improvements. Expects earnings before interest, taxes, depreciation, and amortization around £13.0 million, a would-be 19% decline from £16 million last year. Cash balance was £19.8 million at July 31, up 29% from £15.3 million last year. Full results are expected November 20. Chief Executive Chris Barnes says: ‘The business remains well placed, with all signs suggesting that the UK rail industry’s transition to a data-driven, customer-focused, safety-critical future will continue under the new government. Alongside the positive momentum we have seen in our pipeline of software opportunities in both the UK and North American markets, this leaves us in a strong position to drive ongoing scalable growth in [fiscal year 2025] and beyond.’ Current share price: 660.00 pence, closed down 0.8% in London on Thursday 12-month change: down 13% Copyright 2024 Alliance News Ltd. All Rights Reserved.
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