Transics publishes Q3 2009 trading results

Resilient sales thanks to good performance in France and in the Netherlands cost management bears fruit

Highlights

  • Q3 2009 revenues of €7.805 million, in line with expectations
  • Year-on-year revenue down by 14%
  • 64,260 units-shipped mark passed
  • Double digit ebitda margin will be achieved for FY2009 thanks to stable gross margin and cost reducing measures

During Q3 2009, Transics shipped 2,110 on-board computers and generated turnover for Q3 2009 amounted to €7.805 million, a 14% decrease compared to the same period in 2008. First and second quarter revenues in 2009 were down 24.2% and 27.8% respectively year-on-year. The performance for the third quarter is therefore reflecting a greater level of resilience. This performance was achieved thanks in part to improved sales in France (+4% year-on-year) and in the Netherlands (+8% year-on-year).

The company initiated a cost management initiative in September 2008, which is delivering ahead of expectations. Total operating expenses for the first nine months of 2009 stand at €15.030 million, some 17% below operating expenses for the same period in 2008. On that basis, the company is well on track to delivering its objective of delivering a 15-20% EBITDA margin for FY2009.

The outlook for 2009

Assuming there is no further deterioration in the transport sector and no recovery in the leasing market, management projects that Transics will deliver a 15-20% EBITDA margin for FY2009 thanks to cost containment and a stable gross margin. Management expects Q4 2009 revenues to be in line with the average run rate of the first 3 quarters 2009.

Transics International NV, established in 1991, develops and commercialises high-end fleet management solutions for the transport and logistics sector. Thanks to many years of experience, thorough R&D efforts and an intensive focus on the customer experience, Transics has become the leading European player in its sector. In addition to its headquarters in Ypres (Belgium), Transics is active throughout Europe. The company has been quoted on the stock exchange (Euronext Brussels) since June 2007.

Tielbeke raises its fleet management to a higher level with Transics

Advanced automation as a clear competitive advantage in today’s challenging market

Tielbeke, a logistics services provider from Lemelerveld (the Netherlands) teams up with Transics International, a European market leader in high-end fleet management solutions for the transport and logistics sector. In 2010, Tielbeke will replace its transport and fleet management software and 125 existing on-board computers by Transics solutions. This deal proves that carriers are resolutely opting to move forward by choosing high-quality, proven solutions, even in today’s economically challenging times.

Tielbeke is a dynamic family business that offers logistics services on the Benelux market. Ever since its incorporation in 1957, the company has been committed to highly-motivated personnel, automation and innovation in order to offer its customers outstanding services. When it recently became clear that its existing administrative software could no longer meet the demands of the rapidly changing market, Tielbeke selected administrative transport software, a fleet management solution and on-board computers by Transics. The on-board computers are equipped with advanced features, such as integrated navigation, the possibility to download digital tacho data and a CANBus connection which allows driving behaviour to be monitored, thus reducing the truck’s fuel consumption.

Total solution with advanced tools

“We wanted a standard solution from a well-reputed player,” said Robert Tielbeke, the carrier’s managing director. “A thorough selection procedure between 18 suppliers soon proved that Transics is the best choice. Transics’ total solution of software and on-board computers ensures maximal integration between the back office and the fleet. An extra plus is that the other haulage companies within the cross-border partnership that we operate in are also using Transics. In this way there is an optimal exchange of data.”

An edge on the competition

For Transics, this contract win clearly proves that carriers are, even in times of crisis, still opting for a top-quality solution that provides a competitive edge. “You have to keep up, otherwise you are quickly left behind in today’s competitive market,” emphasized Robert Tielbeke. “Transics’ total solution allows us to achieve our growth strategies and guarantee continuity.”

Tielbeke, with offices in Lemelerveld and Zwolle (the Netherlands), is a mid-sized logistics service provider with a focus on (dedicated) transport, distribution in the Benelux and warehousing. In addition, Tielbeke participates in general cargo networks, where it serves as the logistics gateway for the northern part of the Netherlands. Tielbeke employs over 200 people, has a fleet of 125 trucks and 30,000 m2 of storage and handling space in Zwolle and Lemelerveld. www.tielbeke.nl

Transics International NV, established in 1991, develops and commercialises high-end fleet management solutions for the transport and logistics sectors. Thanks to many years’ experience, thorough R&D efforts and an intensive focus on the customer experience, Transics has become the leading European player in its sector. In addition to its headquarters in Ypres (Belgium), Transics is active throughout Europe. The company has been quoted on the stock exchange (Euronext Brussels) since June 2007.