The FY 2018 results are largely as flagged in the January trading update, reflecting double-digit growth in the Fleet business, offset by a reduction in Insurance telematics as management adheres to its policy of not chasing low-margin contracts in that highly competitive environment. There is encouraging demand for Fleet, notably overseas in the US and France and this success has encouraged QTX to launch Fleet services in Poland with plans for further European expansion. Even more encouragin
25 Feb 2019
Quartix - Fleet sees strong growth – overseas and in UK
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Quartix - Fleet sees strong growth – overseas and in UK
Quartix Technologies PLC (QTX:LON) | 155 4.6 1.9% | Mkt Cap: 75.0m
- Published:
25 Feb 2019 -
Author:
Cavendish Research -
Pages:
16
The FY 2018 results are largely as flagged in the January trading update, reflecting double-digit growth in the Fleet business, offset by a reduction in Insurance telematics as management adheres to its policy of not chasing low-margin contracts in that highly competitive environment. There is encouraging demand for Fleet, notably overseas in the US and France and this success has encouraged QTX to launch Fleet services in Poland with plans for further European expansion. Even more encouragin