REG - Trakm8 Holdings PLC - Trading Update

Trakm8 HoldingsAnnouncement

19/03/2025 07:00

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RNS Number : 1968B  Trakm8 Holdings PLC  19 March 2025

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the UK Market Abuse
Regulation

 

19 March 2025

 

Trakm8 Holdings plc

("Trakm8", the "Group" or the "Company")

Trading Update

Trakm8 Holdings plc (AIM: TRAK), the global telematics and data insight
provider, provides the following trading update for the financial year ending
31 March 2025 ("FY 2025").

 

On 5 December 2024, the Company announced in its half year report that the
outcome for FY 2025 remained uncertain with the strength of recovery in
Insurance unknown. In addition, the Board highlighted that the Fleet and
Optimisation business was forecast to trade well with a strong pipeline of
opportunities across all solutions, including the previously highlighted
Optimisation contract.

 

Contrary to the Board's expectations, whilst Fleet telematics and other
Optimisation sales have continued to progress well, it has now become apparent
that the anticipated material Optimisation contract will not now be
forthcoming.  In addition, conditions in the Insurance market remain poor.

 

As a result, the Board now expects revenues for FY 2025 to be just under ten
per cent. lower than that those reported for the financial year ended 31 March
2024, with a consequential impact on profitability.

 

- Ends -

 

For further information:

 Trakm8 Holdings plc
 John Watkins, Executive Chairman                           Tel: +44 (0) 1675 434 200
 Jon Edwards, Chief Financial Officer                       www.trakm8.com (http://www.trakm8.com/)

 Allenby Capital Limited (Nominated Adviser & Broker)       Tel: +44 (0)20 3328 5656
 David Hart / Vivek Bhardwaj, Corporate Finance             www.allenbycapital.com

Tony Quirke, Sales and Corporate Broking

 

About Trakm8

 

Trakm8 is a UK based technology leader in fleet management, insurance
telematics, connected car, and optimisation. Through IP owned technology, the
Group uses AI data analytics collected from its installed base of telematics
units to fine tune the algorithms that are used to produce its' solutions;
these monitor driver behaviour, identify crash events and monitor vehicle
health to provide actionable insights to continuously improve the security and
operational efficiency of both company fleets and private drivers.

 

The Group's product portfolio includes the latest data analytics and reporting
portal (Trakm8 Insight), integrated telematics/cameras/optimisation,
self-installed telematics units and one of the widest ranges of installed
telematics devices. Trakm8 has over 236,000 connections.

 

Headquartered in Coleshill near Birmingham alongside its manufacturing
facility, the Group supplies to the Fleet, Optimisation, Insurance and
Automotive sectors to many well-known customers in the UK and internationally
including the AA, Stark, EON, Iceland Foods, Sainsbury's, GSF, Direct Line
Group, Ticker and Freedom Group.

 

Trakm8 has been listed on the AIM market of the London Stock Exchange since
2005. Trakm8 is also recognised with the LSE Green Economy Mark.

 

www.trakm8.com (http://www.trakm8.com) / @Trakm8

 

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