Q1 2011 revenues of €10.5 million, up 10% year-on-year
During Q1 2011, Transics generated revenues of €10.5 million – the highest first quarter revenues since 2009. Q1 turnover represents a 10%-increase compared to the same period in 2010. In our core markets of the Benelux and France, turnover grew 6.5% year-on-year to reach €7,815 million and revenues in our development markets increased by 20.0% compared to the same period in 2010 to reach €2,712 million.
Geographic expansion and renewal at existing customers
Transics enjoys a strong momentum in Italy, Poland and Scandinavia as illustrated by the deals closed with TINE in Norway for 300 TX-MAX on-board computers, Apport and Marcotrans in Poland for 110 OBCs or Fas Trasporti in Italy for 60 OBCs.
In its core markets, Transics continues to benefit from the renewal and upgrade cycles at its historical customers. In the first quarter, HSF Logistics Winterswijk (the Netherlands) and the Belgian carriers Kerfs Transport & Expeditie and MTL swapped their older Transics solutions for state-of-the-art TX-MAX on-board computers. Existing customers like Agencia Trota Transports (Spain) and Groupe Mousset (France) ordered extra Transics on-board computers (90 units in total) to install in new vehicles.
Focused R&D and successful product innovation
An additional driver for Transics’ good results is its permanent investments in R&D. In Q1, Transics launched a range of high-end and low-end trailer and asset management solutions, under the name TX-MAGELLAN. The new tools guarantee optimal fleet planning, while maximizing trailer usage. TX-MAGELLAN is a perfect add-on to Transics’ existing range of applications.
Transics customers perform better
During the 2011 Transport & Logistics Awards, a prestigious event that took place in Brussels on 10 February, eight Belgian customers of Transics have demonstrated that Transics fleet management solutions help them drive efficiency and boost their business. Internationaal Transport Gilbert De Clercq (Sint-Niklaas), a Transics customer since 2005, went home with the Truck ICT Award 2011; Norbert Dentressangle (Asse, Belgium) and Nicolas Charlier (Recogne, Belgium) were ranked No. 2 and No. 3 in that category. The Transport Safety Award 2011 went to Transics customer Vervoer Withofs (Lanaken), while Sandermans Vervoer (Mons) ranked second. In the category Green Truck Award 2011, Transics’ customers Tailormade Transport (Gent-Zeehaven) and Van Raemdonck Logistiek (Temse) finished second and third respectively. Finally, the award for HR Project of the Year 2011 went to DD Trans (Zeebrugge).
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 and EBITDA margin is expected to remain stable.
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.