Transics reports strong half-year results

68% revenue increase thanks to impressive growth in traditional as well as new markets

Ypres-based Transics, quoted on Eurolist by Euronext Brussels since June this year, today announced excellent trading results for the past year-half. Transics, one of the major European suppliers of on board computers and fleet management solutions, generated a record turnover of EUR 18.858k and passed the mark of 40,000 delivered on-board computers. With this result, the company largely meets analysts’ expectations.

Increasing market share in traditional and new markets

Transics closed the first six months of this year with total revenues amounting to EUR 18.858k, which is 68% up on the same period in 2006. The EBITDA amounts to EUR 5.797k, an impressive increase of 83% against the first year-half of 2006. The growth was concentrated both in the core markets of France and the Benelux (+56%) and in developing markets, such as Spain, Germany, the Scandinavian countries and central Europe (+231%), where it was boosted dramatically. In countries like Ireland, Slovenia and Slovakia, Transics welcomed its first-ever customers. This expansion has resulted in a new milestone: Transics passed the 40,000-units-delivered mark.

Investing in sustained growth

To drive its international expansion, the Ypres-based expert in fleet management solutions has made significant investments in sales & marketing. This has led to higher operating expenses: up 51% compared to the first six months of last year (+61% for sales & marketing). Operating expenses, however, rose less quickly than revenues, thanks to good cost management and efficiency gains.

IPO, acquisition and bolstered management team

That Transics resolutely chooses growth is also clearly visible in the strategic decisions the company took over the first six months of 2007. Since the 14th of June, the Transics shares have been listed on the Eurolist segment of Euronext Brussels. On the 2nd of April, Transics acquired the French company Delta Industrie Service (DIS), a leading supplier of innovative solutions for tacho-based driving time registration. In addition, the management team was reinforced with the arrival of a COO, Gertjan De Creus.

Good prospects

Expectations are that Transics’ investments in further European expansion will also bear fruit in the second year-half. Forecasts for fiscal year 2007 indicate a revenue growth of over 60% against the past financial year.

Transics International develops and commercializes on board fleet management systems (on board computers, software and services) for the transport and logistics sector. With an installed base of over 40,000 on board computers, Transics is one of the leading European players in its sector. Headquartered in Ypres (Belgium), Transics has regional offices in the Netherlands, France, Germany and Spain, is active in Scandinavia and is permanently expanding its European organisation. In 2006, Transics began a strategy to gain a foothold in Central Europe. At the start of 2007, the company acquired sector partner DIS, a specialist in IT solutions for driving time registration based on tachographs. With this takeover, Transics is again extending its product offering.