Global expansion sees Kalibrate revenues up to £21m

STRONG growth in North America, Europe, India and Africa has helped Manchester-based provider of software services to petrol retailers Kalibrate Technologies to revenue growth of 13% – up to £21m.

The AIM-listed company also successfully entered new territories in Kenya, Mexico, Brazil, Philippines, Morocco, Serbia, the Czech Republic, Romania and Croatia.

Underlying EBITDA increased 22% to £2.84m (2014: £2.33m) and pre-tax profits also rose 6.7%  to  £2m (2014: £1.94m).

In its final audited results for the year ended June 30 the company also reported 100% client retention during the fiscal year.
 
The company also launched Kalibrate Cloud to house all solutions within one cloud-based platform and  the company landed a multi-country managed services contract for a major oil company’s petroleum retail network which is now now fully implemented.

The future looks bright for Kalibrate, which, post period. is expanding its market through an exclusive new reseller partnership with Clear Demand Inc. to offer clients new merchandise and promotions pricing tools to help them price their in store merchandise.

Kalibrate chief executive Bob Stein said: “I am pleased to report this strong financial performance with increasing recurring revenues and EBITDA.

“The Group has continued to grow in its core markets and during the period has also successfully entered 9 new territories.

“Our enhanced offering, which includes the Group’s new Kalibrate Cloud-based proposition, continues to attract significant interest, both from existing and new clients.
 
“This is clearly demonstrated by the accelerated transition to SaaS which affords Kalibrate secure, long-term revenues.
 
“We have made a solid start to the current financial year, including an exclusive new reseller partnership, taking the Group into in-store pricing, and the board remains confident we are in a strong position to continue its growth momentum.”