Tracsis group confident of beating market expectations

TRANSPORT software group Tracsis said its pipeline of work is healthy and annual sales and profits should beat expectations, lifting its shares 6.3 per cent.

By The Newsroom

Published 6th Jul 2011, 08:00 BST

The Leeds-based group designs and licences software to help rail operators improve efficiency and cut costs by automating staff scheduling and rotas, replacing pen and paper methods.

Tracsis recently sealed a deal worth up to £3.4m to buy MPEC Technology.

The acquisition added remote trackside data-logging technology to the AIM-listed company’s portfolio.

Tracsis said the MPEC deal, plus recent buoyant trading, should deliver forecast-busting results for the year to the end of July.

“In addition, the directors are confident of the trading prospects in the next financial year... with the current forward sales pipeline and order book, including new orders from MPEC, being valued in excess of £2.2m with the expectation of significant further orders being placed,” it said. Tracsis’s shares closed up 3p at 51p.

Leeds