Telematics company reports growth after focusing on core business

Warwickshire-based telematics company Trakm8 announces 26% growth in its core business, Solutions, to £26.9m over the past year. This is despite the company facing a year-on-year reduction of £2.2m after exiting the contract electronic manufacturing business to focus on the manufacture of hardware devices for the fleet, insurance and automotive markets. The board expects that 2018/19 will mark the end of this year-on-year decline in product revenues. Recurring revenue over the past 12 months increased by 11% to £10.9m, and y... You can carry on reading for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...