Trakm8 Holdings PLC AGM Statement & Trading Update (1838Y)

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 [e-mail]

No new material financial information will be disclosed in the presentation.

For further information please contact:

 
 Trakm8 Holdings plc                  [phone] 
 John Watkins, Executive Chairman 
  James Hedges, Finance Director 
 MHP Communications (Financial 
  PR to Trakm8)                      [phone] 
 Reg Hoare / Jade Neal 
 finnCap (Nomad & Broker to 
  Trakm8)                            [phone] 
 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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September 09, 2015 02:00 ET (06:00 GMT)