Customer wins fuel sales growth at Kalibrate
KALIBRATE Technologies, the international group which supplies software to operators of petrol stations, has reported encouraging half-year results.
The AIM-listed company, based on Oxford Road, Manchester and with offices in the US, India, Australia, Japan, South Korea, China, Brazil and South Korea, said revenues in the six months to December 31 had
risen 11% to $15.6m and underlying EBITDA 18% to $2.3m.
Kalibrate, which specilases in pricing automation and optimization tools and market planning solutions,
said at a pre-tax level profits were $1.2m, compared with a loss in the previous year of $0.49m.
Chief executive Bob Stein, said: “These results demonstrate continued delivery against our stated strategy of growing in our core markets and expanding into new geographies, with more clients now using both our pricing and planning products.
“Our managed services offering continues to gain momentum and we are seeing good demand for our SaaS platform which further increases our revenue visibility.
“We have continued to invest in our product set and remain well placed to support existing and new clients in markets that are or will soon be deregulating fuel pricing.
“With over $20 million in recurring revenues at the start of the year and a strong deal pipeline as we enter the second half, we remain confident that the group is on track to meet expectations for the year as a whole.”
Highlights from thae half-year included a strong performance in core markets of North America, Europe and South Africa; client wins in new markets including Mexico, Brazil, Kenya and the Philippines; 100% client retention and the launch of its Kalibrate Cloud product.
