As seen from the June update, the leading supplier of subscription-based vehicle tracking systems has enjoyed a strong H1 performance driven by its Fleet business, which saw vehicle subscriptions rise 11%, from 123k in January to 138k by the end of June, and new telematics installations are currently running 45% ahead of LY. Pleasingly, Fleet growth is seen in all regions, with particularly encouraging results from the new markets. That offsets some of the continuing decline in Insurance tele
24 Jul 2019
Quartix - Fleet performance underpins H1
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Quartix - Fleet performance underpins H1
Quartix Technologies PLC (QTX:LON) | 155 0 0.0% | Mkt Cap: 75.0m
- Published:
24 Jul 2019 -
Author:
Michael Hill | Cavendish Research -
Pages:
17
As seen from the June update, the leading supplier of subscription-based vehicle tracking systems has enjoyed a strong H1 performance driven by its Fleet business, which saw vehicle subscriptions rise 11%, from 123k in January to 138k by the end of June, and new telematics installations are currently running 45% ahead of LY. Pleasingly, Fleet growth is seen in all regions, with particularly encouraging results from the new markets. That offsets some of the continuing decline in Insurance tele