Software firm secures big deal with energy group
SOFTWARE firm Belgravium has secured a contract worth £1.2m this year with fuel distributor Certas, although a delay in confirming the deal has caused a slower start to the financial year for the company.
The AIM-listed firm will supply and install mobile systems across Certas’s English and Welsh petrochemical delivery fleet, and there is a recurring annual software licence and managed service support programme. There is also the potential for the systems to be rolled out into Certas’s Scottish fleet of vehicles in 2016.
However Belgravium’s chairman John Kembery will tell the company’s AGM later today: “Because this order was anticipated in the first quarter of 2015, trading in the early part of the year was slower than anticipated. It was also affected by a more in depth integration process of AFS into Feedback, than had been expected.
“Turnover and profits are expected to recover by the end of the first half but results for the first half will reflect the slow start to the year.
“As in previous years the results for the year as a whole are expected to be heavily second half weighted and some good prospective orders are currently being negotiated.”
In 2014 Belgravium increased turnover by £1.0m to £9.4m, and doubled EBITDA to £915,000.
