Tracsis Full Year Results Report Continued Growth
04 November 15
Tracsis is pleased to announce the release of its full year financial results today for the year ended 31 July 2015.
Following a period of record growth in 2014, Tracsis has reported further growth across the Group, and all parts of the Group performed well in the year set against a background of dynamic transport markets undergoing significant growth and structural change.
Highlights include a 14% increase in revenue to over £25m and a strengthening of the cash position to over £13m.
John McArthur, Chief Executive Officer, commented:
“Once again, I am pleased to report on another period of growth for the Tracsis Group with all key metrics significantly ahead of last year. Tracsis has consolidated on the strong performance in 2014 and achieved good organic growth, with revenues for the year passing £25m for the first time.
Post year end, we are delighted to have acquired SEP and completed a strategic investment into Citi Logik. These represent exciting opportunities for Tracsis and are exactly the sorts of transactions which have driven shareholder value in the past, and will drive forward growth in the future.”