The year-end trading update reveals group FY 2016 earnings and cash flow growth were excellent as forecast, on higher-than-expected revenue (likely to be £23.0m rather than our £22.6m). There was strong growth in Fleet across the UK, France and – in particular the newer – US business. However, as noted at the Interims, Insurance telematics is becoming ever more competitive and Quartix refuses to chase very low-margin business in this area, instead concentrating on deve
18 Jan 2017
Focusing on Fleet to reinforce success
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Focusing on Fleet to reinforce success
Quartix Technologies PLC (QTX:LON) | 168 2.5 0.9% | Mkt Cap: 81.1m
- Published:
18 Jan 2017 -
Author:
Cavendish Research -
Pages:
6
The year-end trading update reveals group FY 2016 earnings and cash flow growth were excellent as forecast, on higher-than-expected revenue (likely to be £23.0m rather than our £22.6m). There was strong growth in Fleet across the UK, France and – in particular the newer – US business. However, as noted at the Interims, Insurance telematics is becoming ever more competitive and Quartix refuses to chase very low-margin business in this area, instead concentrating on deve