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QTX Quartix Technologies Plc

167.50
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Quartix Technologies Plc LSE:QTX London Ordinary Share GB00BLZH2C83 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 167.50 160.00 175.00 167.50 167.50 167.50 29,094 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Cmp Processing,data Prep Svc 27.52M 5.04M 0.1042 16.07 81.06M

Quartix Holdings PLC Trading Update (8039J)

03/07/2017 7:00am

UK Regulatory


Quartix Technologies (LSE:QTX)
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From Mar 2019 to Mar 2024

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TIDMQTX

RNS Number : 8039J

Quartix Holdings PLC

03 July 2017

3 July 2017

Quartix Holdings plc

("Quartix" or the "Company")

Trading Update

Quartix Holdings plc, a leading supplier of subscription-based vehicle tracking systems, software and services in the UK, reports that it will publish interim results for the six-month period ended 30 June 2017 on Wednesday 26 July 2017. They will be posted on the Company's website the same day, together with accompanying presentations.

The Company is pleased to report that trading to date has been in line with management's expectations and consistent with achieving market expectations for the year as a whole.

Andy Walters, Managing Director, commented:

"We have made good progress in all fleet markets. New installations of tracking systems grew by 44% to 14,300 vehicles and we ended the period with more than 10,000 fleet customers and over 97,000 active vehicle subscriptions. New UK installations grew by 44% to 10,450, increasing the subscription base to 78,000 vehicles; in France they rose by 30% to 1760 vehicles, reaching a closing base of over 11,400; and in the USA they increased by 60% to 2,090, lifting the base to 7,700 vehicles."

"Following the decision taken last year to concentrate management time on our core fleet business and to focus on only those insurance opportunities which deliver adequate returns, insurance installations decreased by 35% compared to 2016. We are pleased with progress made in this transition and Group gross margin for the period is expected to have been broadly in line with last year."

"We will continue to invest in our fleet business in the second half and only add back insurance volume where our quality of service and product innovation mean that we can command attractive margins."

For further information, please contact:

 
 Quartix (www.quartix.net) 
  Andy Walters, Managing Director 
  David Bridge, Finance Director     01686 806 663 
 finnCap (Nominated Adviser 
  and Broker) 
  Matt Goode /Scott Mathieson 
  (Corporate Finance) 
  Stephen Norcross (Corporate 
  Broking)                           020 7220 0500 
 

END

This information is provided by RNS

The company news service from the London Stock Exchange

END

TSTLLFLERDIIVID

(END) Dow Jones Newswires

July 03, 2017 02:00 ET (06:00 GMT)

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