Q3 2011 revenues of €12.5 million, up 29.3% year-on-year
During Q3 2011, Transics generated revenues of €12.5 million, a year-on-year revenue increase of 29.3%.
Organic growth over the same period in 2010 was 13.1% from €9,689k to €10,964k with sales in our core markets of the Benelux and France growing 18.5% to reach €8,298k and sales in our development markets remaining stable at €2,666k on a like-for-like base. The recently acquired activities of CarrierWeb contributed 16.1% or €1.6 million to revenue growth, mostly in the form of recurring revenues.
Successful launch of trailer tracer solution
The TX-MAGELLAN product suite is our trailer tracer solution. The TX-MAGELLAN was launched in Q2 2011 and we started Q3 with over 5,500 units in our order book. This new product is sold to existing customers as well as to new customers. Many of our on-board computer users across Europe have expressed a need for the product as evidenced by early successes in Belgium with VRD Logistiek (120 units), Molenberg Natie (80 units), Group H. Essers (2,000 units) or in France with Transalliance (4,000 units). Like with the rest of our solution offering, Transics generates both upfront product sales and recurring revenues with the TX-MAGELLAN.
At the start of this third quarter, Transics sold its TMS (Transport Management System) division to Wolters Kluwer Transport Services. The divestment will allow the company to focus solely on its core business of fleet management solutions.
The outlook for 2011
Management is maintaining the guidance it gave at the end of 2010: revenues are expected to grow at a double-digit rate to reach €48 million to €50 million and EBITDA margin is expected to remain stable at 20%.
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.