FY20 revenue and earnings are as flagged in the January trading update, with adj. EPS and DPS slightly ahead of our forecast. Quartix has performed very well in an extremely difficult year of lockdowns affecting its SME customers across all geographic regions. Revenue increased slightly YoY (as usual, Fleet growth offset by Insurance decline), while a deferred insurance revenue release and greater use of self-install devices improved margins and profit YoY. As usual, cash conversion was good and ....
01 Mar 2021
Quartix - Resilience of Fleet subscriptions impresses in FY20
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Quartix - Resilience of Fleet subscriptions impresses in FY20
Quartix Technologies PLC (QTX:LON) | 155 0 0.0% | Mkt Cap: 75.0m
- Published:
01 Mar 2021 -
Author:
Michael Hill | Cavendish Research -
Pages:
16
FY20 revenue and earnings are as flagged in the January trading update, with adj. EPS and DPS slightly ahead of our forecast. Quartix has performed very well in an extremely difficult year of lockdowns affecting its SME customers across all geographic regions. Revenue increased slightly YoY (as usual, Fleet growth offset by Insurance decline), while a deferred insurance revenue release and greater use of self-install devices improved margins and profit YoY. As usual, cash conversion was good and ....