Interim Management Statement
19 Maio 2010 - 3:00AM
UK Regulatory
TIDMTFC
RNS Number : 1462M
Trafficmaster PLC
19 May 2010
19 May 2010
Trafficmaster Plc
Interim Management Statement
Trafficmaster Plc, the leading supplier of intelligent driving services, today
issues its Interim Management Statement covering the period from 1 January 2010
to date.
Trading update
Trafficmaster has made a solid start to the year and remains on track to deliver
against expectations for 2010. Overall revenues to the end of April were 5%
ahead of the same period last year.
Business Services
In the US our fleet tracking business Teletrac had a first quarter where a
significant number of customers extended the time taken over procurement
decisions. However our National Accounts team continued its success with larger
accounts, and we were pleased to be selected by Jack Cooper Transport for a 1000
vehicle solution. In the UK Fleet Director continues to perform to plan with a
healthy sales pipeline and increased unit volumes from our partnership with
Citroen.
The integration of FMS, our recent acquisition, is proceeding well with the
business performing in line with expectations.
Overall, Business Services revenues were up 18% year-on-year to the end of
April. On an organic constant currency basis, revenues were 10% ahead to the end
of April.
Consumer Services
Trading conditions in our consumer markets remain difficult and we are not
seeing a significant increase in new automotive sales which would support
revenue growth. Overall Consumer Services revenues were 23% down year-on-year
caused mainly by the timing of project-related revenue. We continue to manage
the cost base of the business very tightly to mitigate the impact of revenue
shortfalls on profitability.
Tony Eales, Chief Executive Officer, commented "Momentum in Business Services
has improved, and we are pleased with the performance to date. Our Consumer
Services businesses continue to face challenges and we are focusing hard on
managing these activities in a depressed market. Overall, the balance of our
businesses and the growing pipeline of sales opportunities should allow us to
deliver against our expectations in 2010".
Annual General Meeting
The company's Annual General Meeting will take place at 12 noon on Monday June
28th at the company's registered office at Martell House, University Way,
Cranfield, Bedfordshire MK43 0TR.
Ends
For further information please contact:
Trafficmaster Plc 01234 759 300
Tony Eales, Chief Executive
Tim Coleman, Finance Director
City Profile 020 7448 3244
Simon Courtenay
About Trafficmaster Plc
Trafficmaster is an expert in intelligent driving. The Group comprises US-based
Teletrac Inc. and Trafficmaster Plc in the UK. It operates through two
divisions which provide intelligent vehicle services to enhance the driving
experience and improve business performance by saving companies and drivers time
and money and reducing their environmental impact.
Business Services provides fleet tracking and dynamic navigation capabilities to
business users.
Consumer Services provides users with traffic and journey time data, stolen
vehicle tracking and other telematics services.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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