Trakm8 reported an inline set of FY19 numbers and management reiterated its FY20E guidance. We highlight that this is in the context that: (1) the platform has been strengthened with £4m of cost efficiency delivered over FY18-FY19A; (2) recent contract wins in Insurance; and (3) growing momentum in Fleet. On our (unchanged) forecasts, the group is poised to see a modest uptick in revenues drive a return to profitability and reduction of net debt in FY20E. We expect a positive response f
08 Jul 2019
FY’19 results: Stronger platform; visibility improving
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
FY’19 results: Stronger platform; visibility improving
Trakm8 Holdings PLC (TRAK:LON) | 9.2 0 0.0% | Mkt Cap: 4.62m
- Published:
08 Jul 2019 -
Author:
Kartik Swaminathan -
Pages:
2
Trakm8 reported an inline set of FY19 numbers and management reiterated its FY20E guidance. We highlight that this is in the context that: (1) the platform has been strengthened with £4m of cost efficiency delivered over FY18-FY19A; (2) recent contract wins in Insurance; and (3) growing momentum in Fleet. On our (unchanged) forecasts, the group is poised to see a modest uptick in revenues drive a return to profitability and reduction of net debt in FY20E. We expect a positive response f