FY 2019 is in line with last month’s trading update; the ongoing withdrawal from low-margin Insurance telematics being offset by excellent growth in Fleet which is now >80% of group business. New Fleet installations jumped 39% to 43,837 and clients grew 24% to 16,394. Continued investment in the US and France saw total subscriptions jump an impressive 37% and 36% respectively, while UK growth has accelerated again to 16%. Significant enhancements to web and mobile applications have s
24 Feb 2020
Quartix - Fleet progress builds a firm base for future growth
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Quartix - Fleet progress builds a firm base for future growth
Quartix Technologies PLC (QTX:LON) | 168 0 0.0% | Mkt Cap: 81.1m
- Published:
24 Feb 2020 -
Author:
Michael Hill | Cavendish Research -
Pages:
15
FY 2019 is in line with last month’s trading update; the ongoing withdrawal from low-margin Insurance telematics being offset by excellent growth in Fleet which is now >80% of group business. New Fleet installations jumped 39% to 43,837 and clients grew 24% to 16,394. Continued investment in the US and France saw total subscriptions jump an impressive 37% and 36% respectively, while UK growth has accelerated again to 16%. Significant enhancements to web and mobile applications have s