Transics publishes Q1 2010 trading results

Beating expectations despite challenging environment

Highlights

  • Q1 2010 revenues of €9.6 million above expectations and represent the highest quarter revenues since Q2 2008
  • Year-on-year revenue increase of 4%
  • Sequential revenue increase of 1% over Q4 2009
  • 68,900 units-shipped mark passed
  • Stabilisation in core markets thanks to important customer wins and strong growth in development markets

During Q1 2010, Transics shipped a total of 2,171 on-board computers and generated turnover during the period amounting to €9.6 million. This represents a 4% increase compared to the same period in 2009 and a 7% increase compared to the average quarterly revenue in 2009. These are the best sales levels achieved by the group in the past six quarters despite a difficult trading environment and substantially reduced sales and marketing resources.

In the core markets of the Benelux and France, turnover stabilised at €7.342 million, representing a modest 3% decrease compared to the same period in 2009 (€7.552 million). Revenues in Transics’ development markets increased by 33% compared to the same period in 2009 (from €1.698 million to €2.261 million) and by 23% compared to the average quarterly revenue of 2009 (from €1.838 million to €2.261 million).

Transics’ historical leadership in France and the Benelux is providing the company with a large and resilient customer base, which it is relying on to stabilise sales. For instance, in the Benelux, the JostGroup (1,000 trucks, BE) and Wolter Koops (450 trucks, NL), were existing customers that chose to renew their fleet with Transics units. Wolter Koops previously had Quattro Plus on-board computers and switched to the newest TX-MAX on-board computers, confirming the replacement market potential.

Further success stories include Dailycool (50 trucks) in the Netherlands; Grimmonprez (295 trucks) and Transport Georges Chenaux (65 trucks) in France; Logicompany 3 srl (150 trucks) in Italy; Adampol (180 trucks), Apreo Logistics (50 trucks) and Anneberg Transpol Int. (69 trucks) in Poland; and Petty (83 trucks) and KO-Trans (50 trucks) in Slovenia. In Spain, Trota equipped its 140 vehicles with a Transics Quattro Plus on-board computer and in Germany, H.-G. Dröder Spedition chose to equip 24 trucks with Transics computers.

Recognising innovation

Transics was awarded the Innovation Award at the ‘Move It Expo’ fair in Genk thanks to TX-ECO, Transics’ most recent feature, which enables transport companies to permanently work in the most ecological and therefore the most cost-effective way.

In addition, Transics’ customers won prestigious accolades at the 2010 Transport and Logistics Awards. Thys Tanktransport and Eutraco were rewarded with ‘Transporter of the Year 2010’ and ‘Truck ICT Award 2010’ respectively. Furthermore, Macotruck won the ‘Transport Safety Award 2010’. Transics wishes to congratulate its customers and thank them for showing how the company delivers tangible value to them.

The outlook for 2010

Business visibility remains limited and management is maintaining the guidance it applied at the end of 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.