Prelims are in line with the positive August trading update, at which time we had upgraded FY19E and FY20E (revenue +10% per year, EBITDA +5% and +6% respectively). Group revenue growth of 16% included 14% organic growth: +19% Rail Technology & Services (RT&S) (16% organic) and +13% Traffic & Data Services (T&DS) (all organic). Investment in innovative partnerships such as Vivacity; acquisitions like TCS and DRS; and organic success in RT&S and T&DS, drive revenue grow
08 Nov 2018
Tracsis - Building up steam
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Tracsis - Building up steam
Tracsis plc (TRCS:LON) | 820 -205 (-3.0%) | Mkt Cap: 247.8m
- Published:
08 Nov 2018 -
Author:
Andrew Darley -
Pages:
15
Prelims are in line with the positive August trading update, at which time we had upgraded FY19E and FY20E (revenue +10% per year, EBITDA +5% and +6% respectively). Group revenue growth of 16% included 14% organic growth: +19% Rail Technology & Services (RT&S) (16% organic) and +13% Traffic & Data Services (T&DS) (all organic). Investment in innovative partnerships such as Vivacity; acquisitions like TCS and DRS; and organic success in RT&S and T&DS, drive revenue grow