As a result of strong trading across all areas of the Group, the Board expects both revenue and profit to be significantly ahead of current market forecasts for the year ending 31 July 2014. Full year revenue is now expected to be in excess of £20m.
Furthermore, the Group is pleased to announce that the integration of Datasys, which was acquired in May 2014, is proceeding to plan.
John McArthur, Chief Executive Officer commented:
“The Group continues to perform well and this has been buoyed by record levels of investment into UK rail to cope with an ever increasing demand for services. We believe public transport, particularly rail, is set for further significant growth in order to meet the capacity and performance challenges that will be placed on it in the years ahead. Tracsis is well placed to benefit from this growth.”
Related regulatory news article: Trading update