Tracsis boosted as annual revenues surge

AIM-listed transport data specialist Tracsis (LON:TRCS) has seen its share price rise by 3.64% to 627p (as of 14:10 GMT) after it announced revenues for the year ended 31st July increased by 24%. Adjusted EBITDA climbed by a smaller 12% despite margin improvements.

CEO Chris Barnes commented: “In my first report as the new CEO, I am delighted to present these results which show good growth for the Tracsis Group compared to the previous year. The results reflect the impact of the acquisitions that we have completed in the period along with strong organic growth, something which is a key focus as we look to increase collaboration and expand our product offerings across the Group. The acquisitions we have completed in the year will have a full impact in the next year, and combined with the strong pipeline of organic sales opportunities provide a good platform for future growth of the business in the years to come. I have inherited a great business, with a wide range of compelling product and service offerings, a great team of colleagues, an excellent blue-chip client base, and I am excited about the prospects for the Group“.