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Quartix Holdings PLC  -  QTX   

Trading Statement

Released 07:00 15-Jan-2016

RNS Number : 9475L
Quartix Holdings PLC
15 January 2016
 

Quartix Holdings plc

("Quartix" or the "Company")



Trading Statement



Quartix Holdings plc, one of Europe's leading suppliers of subscription-based vehicle tracking systems, software and services, reports that it will publish results for the year ended 31st December 2015 on Monday 29th February, and that both revenue and profits are anticipated to be ahead of market expectations. The company will host a presentation for analysts at 9:30am at finnCap's offices and a webcast for shareholders at 11:30am that morning. All presentation materials will be posted on the Company's website. Registration for either event can be made by email to investors@quartix.net.



Andy Walters, Managing Director, commented: "We are delighted with the progress made, having finished the year with more than 73,000 fleet vehicles under subscription. Our combined base in the USA and France almost doubled in the year, to 11,000 units. Despite the competitive nature of the insurance sector, our new unit installations in that market grew by 74% to 57,000 vehicles, and our insurance division continued to make a positive contribution to the business.  Our strong performance in both the fleet and insurance sectors allows us to continue our increased investment in a number of key product and market developments which will position us well for future returns. We look forward to 2016 with confidence."



 For further information, please contact:

Quartix (www.quartix.net)

Andy Walters, Managing Director

David Bridge, Finance Director

0870 0136 663

 

 

finnCap (Nominated Adviser and Broker)

Matt Goode / Scott Mathieson (Corporate Finance)

Stephen Norcross (Corporate Broking)

020 7220 0500

 

 

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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Trading Statement - RNS