Transport software provider reports “strong organic growth” with revenues reaching £40m

Tracsis, the Leeds-based transport software provider, has seen revenues almost reach £40m in a year of “strong organic growth”.

For the year ending 31 July, the company reported revenues of £39.8m which was an increase of 16% on the previous year’s total of £34.5m.

Adjusted EBITDA of £9.4m was also an increase of 11% on the previous year, with adjusted profit rising by 13% to £8.7m.

Tracsis also reported that operating profit before exceptional items increased 22% to £5.9m (2017: £4.9m).

During this period, Tracsis completed the acquisitions of Travel Compensation Services (TCS) and Delay Repay Sniper (DRS). Six months after the transactions, TCS and DRS contributed £500,000 to the total revenue.

John McArthur, CEO of Tracsis, said: “The last 12 months has been another great year for Tracsis on multiple fronts, with strong organic growth and financial performance coupled with progress in improving our operations, building our senior team and further investment in our technology and product base.

“This was capped off by an exciting acquisition in a related transport sector which we feel is poised for significant growth in the near term.

“The traffic and transport markets are undergoing well publicised and rapid change and I am confident Tracsis is well positioned to meet the challenges and opportunities this brings.”